This newsletter is to explain the salient points of this Circular and to comment possible implications for foreign companies having representative offices (“RO”) in China.
01/04/2010
On 20th February 2010, the PRC State Administration of Taxation (“SAT”) issued Circular Guoshuifa [2010] No. 18 (“Circular 18”). Named as “Provisional Administrative Measures on Representative Offices of Foreign Enterprises”, this Circular has a retrospective effect starting from 1 January 2010.