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Tax Analysis

China relaxes foreign exchange procedures on outbound payments for trade in services


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P184/2013 - 26 July 2013

China’s State Administration of Taxation (SAT) and the State Administration of Foreign Exchange (SAFE) jointly issued a bulletin in July 2013 (SAT/SAFE [2013] No. 40, (Bulletin 40)) that will ease the administrative procedures for making certain foreign exchange transactions.

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