On 24 January 2014, China Taxation News reported that the Shaanxi Provincial State Tax Bureau (SPSTB) made a transfer pricing (TP) adjustment to a domestic business transfer and collected RMB22 million (US$3.5 million) in enterprise income tax and interest.
According to the report, a foreign invested enterprise (FIE) in Xi’an transferred part of its business at book value to another FIE as part of an arrangement between the two FIEs’ foreign corporate shareholders.
You must be a
to read this content, please
Business Law Digest is compiled with the assistance of Baker & McKenzie. Readers should not act on this information without seeking professional legal advice. You can contact Baker & McKenzie by e-mail at: Zhang Danian (Shanghai) email@example.com