CHINA ISSUES NEW GUIDELINES ON TAX RISK MANAGEMENT FOR LARGE BUSINESSES

On May 5, 2009, China's State Administration of Taxation (SAT) announced the final Guidelines on Tax Risk Management for Large Enterprises (Trial) (Circular Guoshuifa (2009) No. 90) to help these enterprises establish an internal tax risk management system. A properly established system would h...

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Bibliographic Details
Published in:Journal of International Taxation 2009-09, Vol.20 (9), p.8
Main Authors: Lim, Lisa, Choy, Andrew, Chu, Sandy, Lin, Vickie, Su, Patrick, Hou, Judy
Format: Article
Language:English
Subjects:
Big business
Communication
Corporate taxes
Risk management
Tax collections
Taxation
Online Access:Get full text
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Summary:On May 5, 2009, China's State Administration of Taxation (SAT) announced the final Guidelines on Tax Risk Management for Large Enterprises (Trial) (Circular Guoshuifa (2009) No. 90) to help these enterprises establish an internal tax risk management system. A properly established system would help an enterprise comply with its tax obligations and mitigate adverse legal consequences associated with noncompliance, as well as minimize financial loss.
ISSN:1049-6378