China Briefing is a monthly magazine and daily news service about doing business in China. We cover topics relating to the Chinese economy, the market in China, foreign direct investment and Chinese law and tax. It is written in-house by the foreign investment professionals at Dezan Shira & Associates
In this issue of China Briefing, we turn once again to the issue of international transactions, specifically those between related parties.
In the first article, we focus purely on HQ-WFOE service agreements: how to plan for them, their tax obligations, the service fee remittance process and how a service permanent establishment (PEs) may be established by sending HQ staff to work in China for more than a brief period of time.
In the second article, we give a very brief, very basic overview of China’s transfer pricing obligations. What is the definition of related parties? What are basic transfer pricing obligations? What is the meaning of contemporaneous documentation requirements and advance pricing arrangements (APAs)?
Finally, we take a quick look at the cross-border RMB settlement project, part of the push to internationalize the RMB – a main policy goal under the 12th Five Year Plan (2011-2015) and one of the hottest topics in international payments today.
• Service Agreements for HQ and Subsidiaries
• A Briefing Overview of China’s Transfer Pricing Obligations
• Cross-border RMB Pilot Settlement Project
• Q&A: How do royalty remittances work?
To read the full version of this magazine, please purchase this issue in the Asia Briefing Bookstore. Companies requiring assistance may contact Dezan Shira & Associates at email@example.com visit www.dezshira.com.