Newsletter-No8

POLICY IN FOCUS
政 策 聚 焦
China Announcing
Administrative Measures of
Due Diligence for Financial
Account Tax-related
Information
To localise the internationally accepted
CRS, on 14 October 2016, the State
Administration of Taxation of China
published the “Administrative
Measures for Due Diligence of
Tax-related Information in respect of
Non-resident Financial Account)
(hereinafter referred to as
“Administrative Measures”). As a
crucial initiative for implementation of
CRS, the Administrative Measures are
basically consistent with
suggestions of OECD, and the
relevant definitions, which are shown
below, have been organised in line
with Chinese actual circumstance:
Non-residents
Non-residents mean persons or
enterprises other than Chinese
residents for tax purposes, but not
including government institutions,
international organisations, financial
institutions or listed companies and
their affiliates. Moreover, residents
who have emigrated are also
regarded as “non-residents” that
have to make declaration of
account information.
中 國 公 布 金 融 賬 戶 涉 稅 信 息 調 查
管 理 辦 法
非 居 民
金 融 機 構
CONPAK NEWSLETTER
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