(Bulletin [2014] No. 24) 国家税务 总局关于委托投资情况下认定受益所有人问题的公告, issued by the SAT

Bulletin [2014] No. 24 provides supplementary provisions on the determination of identity of the beneficial owner under the entrusted investment structures.

An entrusted investment is the one under which a non-resident hires  the services of a foreign professional individual or organization, which makes investments in China on behalf of the non-resident.

Date of issue: April 21, 2014. Date of effectiveness: June 1, 2014.