jueves, 13 de abril de 2017

First cost sharing agreement APA concluded in China

The China State Administration of Taxation (SAT) recently concluded the first advance pricing agreement for a cost sharing agreement (CSA-APA) with a Fortune 500 enterprise in Guangdong Province.  The successful signing of the first CSA-APA is an important milestone for Chinese taxpayers and tax authorities and opens a new page in the China tax authorities’ history of administering transfer pricing for intangibles. We expect more taxpayers and tax authorities will follow suit to conclude CSA-APAs, particularly given the heightened international focus on the value contributed by intangibles as a result of the OECD and G20 Base Erosion and Profit Shifting (BEPS) project.

Source & more info: PwC

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