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PRC Tax

  • Bulletin [2015] No.7, sets new rules on Indirect Transfer of Assets; abolishing certain provision of Circular 698 and Bulletin No.24 to provide more comprehensive guidelines on application of indirect transfer of assets effective 6 February 2015.
  • Circular 109 (Caishui [2015] No.109) - Intragroup Assignment of Shares of Assets; reduces minimum acquisition threshold from 75% to 50% for a share of an asset acquisition to qualify for special tax treatment for intragroup restructuring and intra-group manginess of shares or assets.