China is to Extend the Implementation of Individual Allowance and Subsidy Policies for Foreigners and Other Preferential Policies on Personal Income Tax

An executive meeting of the State Council held on December 29th took place in which an important decision was announced stating the prolongation of applying several preferential individual income tax (IIT) policies.

The Chinese tax authorities have recently offered a response to queries regarding transfer pricing (TP) during the COVID-19 pandemic. As year-end is approaching, multinationals are now beginning to evaluate and review the results of their TP policies and official guid...