China's State Administration of Taxation and State Administration of Foreign Exchange have jointly issued Supplementary Announcement No. 19 of 2021 regarding the tax filing obligations in relation to outbound foreign exchange payments.
Under general rules, persons making outbound payments such as dividends, interest, royalties, etc. are required to file records with the local tax authority when the payment remitted abroad exceeds USD 50,000. The supplementary announcement is in line with t…