The State Administration of Taxation of China issued a new version of the -Going Global- Tax Guidelines

On October 17, the State Taxation Administration of China released the 2024 revised edition of the “Outbound Taxation Guidelines” (hereafter referred to as “the Guidelines”). This comprehensive document summarizes relevant tax policies for Chinese taxpayers operating abroad and outlines tax treaties covering 114 countries and regions. It addresses 120 common tax-related issues from four key aspects: tax policies, tax treaties, management regulations, and service initiatives.

The Guidelines adhere to the principles of being “demand-oriented, easy to understand, and readily accessible” to provide Chinese taxpayers with an index and guidance on concerned tax policies, management, and services, aiming to help them effectively mitigate tax risks while overseas.

Notably, this revision introduces two new chapters: “Tax Policies for New Foreign Trade Models” and the “Tax Road Pass” service brand. Additionally, it updates and supplements tax policy documents and treaties that have taken effect from 2021 to 2024 to assist taxpayers in adapting to new developments in both domestic and international tax environments.

Meng Yuying, Director of the International Taxation Department at the State Taxation Administration, commented on the increasing complexity businesses face in cross-border operations, driven by the globalization of modern commerce and the emergence of new economic models and formats. The revised Guidelines are tailored to the concerns and needs of outbound taxpayers, providing timely updates to tax policies and treaties between China and relevant countries and regions, ensuring that Chinese enterprises can fully benefit from the tax treaty provisions and realize their rights as stipulated in those agreements.