By: Mark Schaub and Luo Bin, King & Wood’s Corporate Group and Shanghai Office

On December 14, 2010, the State Administration of Taxation (“SAT”) promulgated an Announcement on Issues Concerning the Verification of Taxation Basis of Individual Income Tax Payable on Equity Transfer Income (“Announcement”). The Announcement will come into effect on January 14, 2010.Continue Reading PRC Tax Authorities Take a Closer Look at Low Share Transaction Prices