OrbitaxTreaty between China and Australia – application extended to new tax
|Treaty Development|China (People's Rep.); Australia
The State Administration of Taxation (SAT) issued an announcement on 26 April 2013 (Gong Gao [2013] No. 20), stating that the Mineral Resource Rent Tax, which was introduced by Australia in 2012, is covered by the Australia - China (People's Rep.) Income Tax Treaty (1988). The Announcement takes effect as from 1 June 2013.
Mineral Resource Rent Tax is imposed on profits raised from iron an…
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