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Agreement on Avoiding Double Taxation and Strengthening Tax Cooperation across the Straits Officially Concluded
Date: 2016/9/4 22:30:18 Views:

From August 24 to 26, Zhang Zhiyong, the special advisor of the Association for Relations across the Taiwan Straits (ARATS) and Vice Administrator of SAT attended on invitation the 11th talks of leaders held by ARATS and the Straits Exchange Foundation (SEF) in Fuzhou, Fujian Province. Chen Deming, President of ARATS and Lin Zhongsen, Board Chairman of SEF officially signed the Agreement on Avoiding Double Taxation and Strengthening Tax Cooperation across the Straits on August 25. After signing the Agreement, Zhang Zhiyong attended the press conference held by ARATS and answered questions on significance of signing the agreement, process and its major contents.


The signing of the Agreement is conducive to preventing and eliminating the double taxation issue in the economic and trade exchange across the Straits, reducing tax burdens of relevant enterprises and individuals, creating stable, favorable and transparent tax environment for investors across the Straits and promoting the mutual direct investment and strengthening economic and trade exchange across the Straits. Meanwhile, both sides will, based on this Agreement, establish tax-related dispute settlement and taxation communication and cooperation mechanism, jointly solve the tax-related disputes confronted by investors across the Straits and promote communication and cooperation in the taxation field through multiple channels. The Agreement will take effect after both parties have performed necessary procedures.


(Source: General Office of the State Administration of Taxation)


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