Authored by: Ye Yongqing (Bill) , Yu Yue (Jessie) and Ding Ying
The Shanghai Municipal Tax Service, State Taxation Administration recently formulated the “Measures of Shanghai Municipal Tax Service for the Administration of Advance Tax Rulings (for Trial Implementation)” (Hu Shui Ban Fa [2023] No. 33, effective on December 29, 2023, “Measures”). The Measures aim to standardize and enhance the process of advance tax ruling (“ATR”) in Shanghai, in accordance with the government’s goal of improving tax services and administration for large enterprises, thereby enhancing certainty in the application of tax rules.