Multinational groups conducting cross-border related-party transactions must ensure their intercompany arrangements comply with the arm's length principle. Transfer pricing rules apply to sales and purchase of goods, provision of services, licensing of intangible assets, and al...

Multinational groups frequently restructure their global presence, discontinuing certain businesses and winding down investment projects. While China remains a key market for many businesses, there is growing trend of restructuring and exits among foreign entities seeking to o...

Pursuant to the "Circular on Issues Concerning Treatment of Corporate Income Tax in Enterprise Restructuring Business" (Cai Shui [2009] No. 59, hereinafter "Circular 59"), the corporate income tax treatment for equity transfers can be categorized into two approache...