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• Canadian Supreme Court Sets up Key Principles in Transfer Pricing
  In a case involving The Queen and Glaxo Smith Kline Inc. (GSK), the Supreme Court of Canada has recently released its first verdict on transfer pricing regulations by establishing certain important principles that are vital for Canadian multi-nationals.
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  The Chinese government has adopted the Tenth Edition (Version 2013) of the International Classification of Goods and Services ("Nice Classification"), allowing seven new retail or wholesale services for registration under Class 35 (under sub-class 3509).
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• China Clarifies Enterprise Income Tax incentive for Technology Transfers
  The Chinese State Administration of Taxation (SAT) recently issued clarification on the definition of income from transfer of technology by resident companies, reports Nair & Co.’s International Tax Team.
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• China Eases Tax Exemption for E-commerce
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  Chinese tax authority, State Administration of Taxation (SAT) has released a declaration establishing surcharge on electronic waste in the country, on August 20, 2012.
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• China-UK Tax Protocol Signed; 5% Reduced Withholding on Certain Inter-company Dividends to be Allowed: International Tax Adviso
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