Clarification of double tax agreements
Subject: Tax
Applicable Industries: All corporate

On January 3, 2024, the General Department of Taxation ("GDT") issued an instruction No. 180 on the grant of benefits under double tax agreements ("DTA").

This is clarification of benefits of double tax agreements.

The benefits under the DTA will applicable for a full year to all application cases, authorized by the GDT, from January 1st of the current tax year. Taxpayers shall quickly apply for the benefits under the DTA and shall implement in accordance with all applicable tax laws and regulations before receiving approval from the GDT.