One of the interesting things about intra-group licensing of intellectual property and intangibles, is how it’s often inextricably linked with related transactions such as the sale of goods. This can create customs duties risks, which need to be managed alongside transfer pricing compliance and the group’s intellectual property protection strategy.
To illustrate this, we’re delighted to feature a guest article kindly contributed by Harvey Lee, Senior Partner at Shanghai Kingfaith Consulting Co, which specifically focusses on some of the unexpected customs issues which can arise on the payment of intercompany royalties. To read the article, follow this link:
If you would like to hear more about this issue and how to manage intercompany agreements for multinational groups operating in China, please feel free to join the webinar we’ll be hosting on this subject on 27 March next year. You can reserve your place here.