Chinese Tax Regulation Update - December 2024

China

The latest development in China Tax Regulation mainly includes:

  • Measures for tax assessment of smuggled goods
  • Nationwide roll-out of the Individual Income Tax (“IIT”) policy of individual pension contributions
  • Effectiveness of the double taxation treaties (“DTTs”) between China and Argentina and Gabon
  • Effectiveness of the protocol of amendment to the Sino-Austria DTT and its protocol
  • Application of Multilateral Instruments to more DTTs

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