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Individual Income Tax Law Introduces Anti-avoidance Clauses

The revised individual income tax law, which has received much attention, has recently been approved by the Standing Committee of the National People's Congress and will be fully implemented on January 1 next year. Among them, the first introduction of the anti-avoidance clauses means that strengthening the collection and management…
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China will Take New Measures to Combat Overseas Tax Evasion

According to a report by Chinanews.com on Monday, from September this year, the State Administration of Taxation of China intends to discover the hidden funds by exchanging information about taxes with foreign (regional) tax authorities. Since it is difficult to clearly prove the existence of funds in overseas financial accounts…
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Saudi Arabia signs BEPS MLI to combat tax avoidance

The OECD today announced that Saudi Arabia has signed a multilateral tax treaty designed to allow countries to swiftly add to their existing bilateral tax treaties additional provisions designed to curtail tax avoidance and improve cross-border tax dispute resolution. Saudi Arabia is the 84th country to sign the treaty, called…
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