China Consulting on Simplified Procedures for Unilateral APAs

China's State Administration of Taxation has published a draft Announcement concerning simplified procedures for unilateral advance pricing agreements (APAs) for public comment. The simplified procedures are meant to optimize the business environment, promote tax cooperation, and improve the certainty of corporate taxation. The period for comment ends 18 April 2021.

The draft Announcement provides that enterprises that apply for an APA in accordance with Announcement 64/2016 may enjoy simp…