The State Taxation Administration (STA) on October 29 published the “China Advance Pricing Arrangement Annual Report (2019)” (2019 Annual Report). The 2019 Annual Report contains statistical data and analysis of the advance pricing arrangement (APA) cases from 2005 to 2019.
In 2019, the STA continued its efforts to enhance its capability to promote APA cases. During the year, China signed 12 unilateral APAs (including one renewal) and nine bilateral APAs (including one renewal), both reaching new highs in recent years.
With various innovative measures launched by the China tax authorities, the number of APAs signed, especially the number of unilateral APAs, may increase in the future.