Editorial

International Tax Review is part of Legal Benchmarking Limited, 4 Bouverie Street, London, EC4Y 8AX

Copyright © Legal Benchmarking Limited and its affiliated companies 2025

Accessibility | Terms of Use | Privacy Policy | Modern Slavery Statement

Editorial

Welcome to the third edition of China – Looking Ahead, a series of articles published in association with KPMG.

This year's publication continues the previous years' theme of addressing how China is modernising its tax system, even introducing some ideas first seen overseas, while retaining the right to shape it according to its own needs.

The articles start with a look at what the OECD's work on base erosion and profit shifting will mean for China and continue with studies of, for example, transfer pricing, the move to a single VAT system, exit challenges for private-equity investors and the re-emergence of tax incentives through the establishment of the Qianhai Cooperation Zone and the Shanghai Pilot Free Trade Zone. Including the foreword, there are 14 articles. Watch out, in particular, for the focuses on the real estate, transportation and logistics, healthcare & pharmaceuticals and the auto industries.

The more and more you look at China's tax system, you see a regime that is developing quickly, but also one where, like in other places, investors have to stay razor-sharp to be aware of local differences, particularly in how the rules are enforced. This probably applies nowhere else in the same way as it does in China.

We hope these articles will help you when dealing with your tax affairs in China.

Ralph Cunningham

Managing editor

International Tax Review

more across site & shared bottom lb ros

More from across our site

Heads of tax need to push their teams forward as strategic business advisers to add value across the organisation, says Sandy Markwick
Scott Bessent reportedly felt undermined by Musk naming Gary Shapley as acting IRS commissioner; in other news, Baker Tilly will combine with a top 15 US firm
The promise of nine years’ tax certainty and a ‘rational and pragmatic’ government process makes APAs a no-brainer, Indian tax advisers tell ITR
Despite garnering significant revenues from multinationals, Italy’s digital services tax presents pressing double taxation issues, say Stefano Simontacchi and Francesco Saverio Scandone of BonelliErede
ITR’s research shows that in-house tax counsel in Asia also feel underserved by their advisers’ international networks
World Tax global head of research Jon Moore tells ITR how his team spots standout submissions, and gives early statistical insights into this year’s entries
Australia’s conservative opposition will repeal controversial tax agent reporting rules if elected in the country’s May general election
Shapley would be the fourth person to hold the job this year; in other news, UK tax advisory firm MHA raised fewer funds than expected from its London IPO
The US needs to be involved in pillar one for there to be more international acceptance of the project, Michael Masciangelo says
The UK regulator is investigating EY’s auditing of the national postal service as it relates to the high-profile Horizon scandal, which saw hundreds wrongfully convicted
Gift this article