China settles as many TP investigations as it initiates
April 28, 2011
Sophie Ashley - TPW
China’s State Administration of Taxation (SAT) has confirmed it initiated 178 transfer pricing investigations in 2010 and concluded the same amount.
SAT this week released its official summary of statistics which stated that the total tax liability, across the board, in 2010 was RMB10.272 billion ($1.6 billion). The statistics include RNB7.2 billion collected from administration, RMB796 million from services and RMB2.31 billion from investigation.
Sorry. You must be a subscriber to view this article. Alternatively, why not take a free trial? To subscribe and access this article immediately simply click here or call +44(0)207 779 8380.