China Advocates Filing Reporting Template With Subsidiary Jurisdiction, SAT Official Says
May, 26th 2014
China is suggesting that parent companies should be required to file the Organization for Economic Cooperation and Development’s proposed country-by-country reporting template directly with their subsidiaries’ local tax jurisdictions, a State Tax Administration official said at the most recent OECD consultation on documentation.
The SAT’s Sun Yimin, speaking at the May 19 consultation on transfer pricing documentation and country-by-country reporting, said China agrees with a French suggestion that the parent company should provide the reporting template directly to its subsidiaries’ local tax authorities. This position contrasts with…