Germany will not enter into any fresh advance pricing agreement (APA) with China, the German Federal Tax Office has said.
The German Federal Tax Office said that it will not initiate or renew any APA with China. The decision will not impact existing APAs with China, it clarified.
Currently, APAs are concluded under section 89a of the German Fiscal Code to avoid double taxation and ensure uniform application and interpretation of tax treaties. The German Federal Tax Office said that these objectives cannot be achieved through negotiations with China.