“Common Reporting Standards in China” – A Plus Magazine (August 2017)

Anthony Tam, Executive Director of Tax Services at Mazars Hong Kong, was featured in the August issue of the A Plus Magazine. In the article, Anthony analyses the OECD Common Reporting Standard being implemented by financial institutions in China.

The OECD common reporting standard has applied in China as from 1 July, 2017. The final rules (“Due Diligence Procedures on Financial Account Information in Tax Matters for Non-residents”) were issued by the SAT, the MOF and financial regulatory bodies on 19 May, 2017 as Announcement (2017) No 14. 

The Announcement addresses financial institution reporting, what are to be reported, the so-called reportable financial accounts and due diligence procedures to be carried out by FIs.


To read the full article, please see the PDF attached below or click here.

Credits: Anthony Tam for A Plus magazine, August 2017 issue

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