McDermott Will & Emery has a strategic alliance with MWE China Law Offices, a separate law firm based in Shanghai. This White Paper was authored by MWE China Law Offices lawyers John Huang, Kevin Qian, William Zhang, Lawrence Hu and Chris Mou, and U.S. lawyers Thomas W. Giegerich, Kumar Paul and John Engel.
With the release of its tax circular Guo Shui Fa No. 59 on improvements to tax service and administration for outbound Chinese enterprises, the China State Administration of Taxation has taken an important step towards a more complete explication of the tax policies pertaining to outbound investments by Chinese enterprises reflected in the existing regulations. Notwithstanding this new information, outbound enterprises should remain cognizant of relevant Chinese tax anti-avoidance rules. Also, outbound enterprises should become familiar with the tax regulations of destination countries.
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