China Committee and China Taxation Working Group Present: 2017 China Taxation Update
Catherine Tsang, China Tax and Business Advisory Division, PwC, briefed members about the 2017 China Taxation Update on 20 January. She explained how Mainland tax authorities are using big data to enforce tax administration and how companies should respond. In addition, she explained how the common reporting standard (CRS) will be implemented in the Mainland and briefed members about Mainland tax authorities’ movement towards the base erosion and profit shifting (BEPS) project and its implications for companies.
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