China has signed tax treaties with 21 African countries to date, according to an official from the State Taxation Administration (STA). The official added that Chinese tax authorities aim to deepen international taxation cooperation with African countries.
Meng Yuying, head of the International Taxation Department at the STA, made these remarks during a press conference at the 2024 Summit of the Forum on China-Africa Cooperation (FOCAC).
Meng stated that the African countries that have signed tax treaties with China largely include those with significant direct investment stock with China.
According to Meng, tax treaties serve as an important international legal framework for cross-border investment and business. They help prevent double taxation, provide tax certainty, and facilitate the settlement of tax disputes.
Meng also highlighted that the Belt and Road tax collection and management cooperation mechanism was established during the second Belt and Road Forum for International Cooperation in 2019. She noted that many African countries have since participated in this initiative.
The mechanism has provided a platform for African countries to engage in international exchanges, and its numerous training programs have helped enhance the tax collection and management capabilities of the participating African nations.
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