China (People’s Rep.) - Conducting Corporate Reorganization: A New Tax Landscape – Part 1
- China (People’s Rep.)
- H. Yang
- Derivatives & Financial Instruments, 2009 (Volume 11), No 6
- 16 November 2009
The Chinese tax authorities and Ministry of Finance recently issued a notice regarding the enterprise income tax treatment of reorganizations. To explore the impact of Notice 59 and to discuss the implementation of this notice into practice and voice concerns to be considered in further legislation, IBFD and the China International Tax Research Institution of the tax authorities organized a dialogue meeting between dozens of large multinational enterprises and the officials of the tax authorities and the Ministry of Finance who were substantially involved in drafting the notice. Some key issues discussed in this dialogue meeting are considered in this article. Part 2 will be issued separately after the second-round dialogue meeting later in 2009.