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Aug 2007
By Jeff Yuan
China's new Corporate Income Tax (CIT) Law, which takes effect on 1 January 2008, will introduce the most profound tax reform in a decade. The new law merges the Enterprise Income Tax Provisional Regulations (which currently apply to PRC domestic enterprises) and the Foreign Enterprise Income Tax Law (which applies to foreign investment enterprises and foreign enterprises). At the same time, it also brings in new transfer pricing concepts and further strengthens transfer pricing enforcement in China. This article explains the transfer pricing implications under the new CIT Law.
This article is reproduced from its original publication entitled "China: transfer pricing under the new income tax law regime" in the August 2007 issue of BNA International's Tax Planning International: Transfer Pricing. Copyright 2007 by The Bureau of National Affairs, Inc. Reprinted with permission.
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