Transaction Tax Alert
The new China income tax rules for corporate restructuring The long-awaited new income tax rules for corporate restructurings (the New Rules) were released by the Ministry of Finance and the State Administration of Taxation on 30 April 2009 and published on 7 May 2009. The New Rules provide guidance as to the types of transactions that qualify as a restructuring, how those transactions will be taxed, and what will be required to qualify under the New Rules. The New Rules are complex, but they represent a significant step forward for Mergers & Acquisitions and tax planning in China. Business owners or investors should carefully consider the requirements of the New Rules when transactions impact their business.
Please download the tax alert (pdf, 252kb) for more information.
