It has been confirmed that, contrary to expectations, the current cross-strait talks between Taiwan and China will not contain any discussion on, nor therefore the signing of, a bilateral double taxation agreement (DTA).
The DTA had been expected to avoid double taxation on businesses operating in both countries, and on Taiwanese employees working in China for less than six months. The agreement was also to have established mutual assistance on tax matters and a mechanism to resolve tax disputes between China and Taiwan.
It would also, it was said, have contained provisions for the exchange of tax information between the two countries, consistent with international standards.
However, it was announced on the day before the beginning of the talks that the proposed DTA had been removed from the agenda. No explanation was given, except that its removal was due to technical issues. It was said that it was still hoped to complete the DTA as soon as possible.
The talks, between Taiwan’s Straits Exchange Foundation and China’s Association for Relations across the Taiwan Straits, are still planned to lead to agreements on fishing cooperation, the quarantining of agricultural produce and traded industrial product standards.
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