The Chinese tax authority (State Administration of Taxation) issued supplemental guidance on the application of the royalties article in China’s tax treaties and the types of payments that will be considered royalties; this guidance is in Circular 46, and is supplemental to Circular 507 issued in September last year.
Posts Tagged: services
26
Nov 09
UK: VAT on intellectual property transfers and licences
The VAT rules on the place of supply of services – which includes the transfer and licensing of intellectual property – are changing from January 1st, 2010. The practical effect of this is relatively limited for intellectual property, as the rules are changing to make the VAT implications for other services more closely aligned to the rules that already apply to intellectual property. The principal changes are the legislation references.