Corporate Tax

China Tax Company points interpretative observe on particular corporate tax rules

The Chinese State Tax Administration posted an Interpretative Note on Announcement No. 17 of 2021 on June 25, explaining the specific corporate tax rules. The agency stated: 1) expenses related to the donation of non-monetary assets due to the coronavirus pandemic that are deductible; 2) the taxation of bonds converted into shares; 3) the requirements for qualifying an installation as a cross-border mixed installation; 4) deductible interest expenses in the case of a cross-border mixed investment; and 5) the taxation of works of art acquired as investments. [China, State Administration of Taxation, 06/25/21]

Reference:
Display the interpretation of Announcement No. 17/2021. View …

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