Taxpayers urged to conduct appraisals when transferring equity interests in China
July 13, 2011
Jack Grocott TPW
Taxpayers in China transferring equity interests in Chinese companies are being advised to conduct appraisals to determine the fair market value of the transferred interest.
Last month the State Administration of Taxation reported on a transfer pricing adjustment that involved the transfer of an equity interest in a joint venture company in Taiyuan, Shanxi province, during an internal restructuring.
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