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World Tax Advisor Connecting you globally. 22 July 2016China introduces CBC reporting and master file/local file requirements On 29 June 2016, China's State Administration of Taxation (SAT) issued

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What is china introduces cbc reporting?

China introduces cbc reporting to require multinational enterprises to report their consolidated financial and tax information to tax authorities.

Who is required to file china introduces cbc reporting?

Multinational enterprises with annual consolidated revenue equal to or exceeding RMB 5.5 billion are required to file china introduces cbc reporting.

How to fill out china introduces cbc reporting?

To fill out china introduces cbc reporting, multinational enterprises need to provide detailed financial and tax information for each country in which they operate.

What is the purpose of china introduces cbc reporting?

The purpose of china introduces cbc reporting is to increase transparency and combat tax avoidance by multinational enterprises.

What information must be reported on china introduces cbc reporting?

On china introduces cbc reporting, multinational enterprises must report consolidated financial and tax information, including revenue, profit, taxes paid, and other key data for each country of operation.

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