China issues its first-ever APA report
January 05, 2011
China has joined Korea, Japan, the US, Canada, Australia and Italy as one of the first countries to issue a comprehensive report about its Advance Pricing Arrangement (APA) programme. Spencer Chong, Qisheng Yu, and Steven Tseng, of PwC, discuss the contents of the report and its implication for taxpayers.
The report (in Chinese), provides official statistics on both in-progress and completed APAs, for the period January 1 2005 to December 31 2009, and was released by China’s State Administration of Taxation (SAT) on December 30 2010. The report, China Advance Pricing Arrangement Annual Report 2009, reaffirms the SAT’s focus on transfer pricing issues and, in particular, reinforces its commitment to its APA programme.
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