China-Africa New Tax Treaties
Recently, the State Taxation Administration ("STA") has issued the Announcement on the Entry into Force and Implementation of Bilateral Tax Agreements and Protocols between China and Congo, Angola, Rwanda, and Other Countries (the "Announcement").
The Announcement clarifies that, regarding bilateral tax agreements and protocols between China and Congo, Angola, Rwanda and other countries, both signatories have completed their respective domestic legal procedures required for their entry into force. Among them, the Agreement between the Government of the People's Republic of China and the Government of the Republic of Congo for the Elimination of Double Taxation with Respect to Taxes on Income and the Prevention of Tax Evasion and Avoidance (the "China-Congo Agreement") and the protocol thereof were officially signed in Beijing on September 5, 2018. The China-Congo Agreement and the Protocol, entering into force on July 6, 2022, apply to taxes withheld at source on or after January 1, 2023, and any other taxes levied during the tax year or accounting period beginning on or after 1 January 2023.