The Shenzhen Customs Authority and Municipal Tax Bureau issued Shenguanshui [2022] No. 62 (Circular 62) on 18 May 2022 to formally launch a new approach to collaboratively manage transfer pricing matters related to goods imported from overseas related parties. This new collaborative management provides institutional standards of transfer pricing to the Customs Authority and is also the first-ever formal cooperation between the customs and the tax authorities in relation to transfer pricing.
Source EY
Latest Posts in "China"
- Notice on Formulating the 2025 List of Integrated Circuit Enterprises for VAT Super-deduction Policy
- Launch of 2025 VAT Deduction Policy for Integrated Circuit Enterprises Announced
- Request for Comments on Proposed Extensions of Section 301 Tariff Exclusions
- China Releases Draft VAT Implementation Regulations for Public Consultation Ahead of 2026 Law Launch
- Shell Companies Exploit Agricultural Tax Benefits, Issue Fraudulent Invoices Worth 30 Billion Yuan
