China signs Multilateral Tax Convention, joining global efforts to combat tax evasion

PARIS, Aug. 27 -- China on Tuesday signed the Multilateral Convention on Mutual Administrative Assistance in Tax Matters, participating in global efforts to combat tax avoidance and evasion by cooperating with other states in the assessment and collection of taxes.

Wang Jun, Administrator of the State Administration of Taxation of China signed the Convention on behalf of the Chinese government, at the presence of Angel Gurria, Secretary-General of the OECD, at the headquarters of the OECD in Paris.

By signing the Convention, China became the 56th signatory to the multilateral agreement which is designed to facilitate international cooperation among tax authorities to improve their ability to tackle tax evasion and avoidance and ensure full implementation of their national tax laws, while respecting the fundamental rights of taxpayers.