Documentation and Penalties

Jian Li and Alan Paisey

Chapter 7 in Transfer Pricing Audits in China, 2007, pp 83-89 from Palgrave Macmillan

Abstract: Abstract In China, as in most other countries, the burden of proof that the arm’s length price in related party transactions has been used rests with the taxpayer. In addition to the disclosure requirements of related party transactions in their financial statements, foreign investment enterprises and foreign enterprises are required to disclose information about their related party transactions on their annual corporate tax returns. In a transfer pricing audit, the Chinese tax authorities have the right to require that a company provides information to support its decisions over transfer pricing (Article 18 of SAT Circular No. 59, April 1998).

Keywords: Transfer Price; Related Party; Related Party Transaction; Foreign Investment Enterprise; Advance Price (search for similar items in EconPapers)
Date: 2007
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DOI: 10.1057/9780230595811_7

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