FIEs under the encouraged category in the western region that enjoy the two-year exemption and three-year reduction by half tax concession are eligible for enterprise income tax at the reduced rate of 15% for three more years following the expiration
The following income of foreigners is eligible for individual income tax concession: (a) Housing allowance, meal allowance, removal expenses and laundry fees received in non-cash forms or in the form of cash reimbursement can be deducted from the tax
Since 1 January 2008, both the Enterprise Income Tax Law of the PRC for Foreign-invested Enterprises and Foreign Enterprises and the Provisional Rules on Enterprise Income Tax have been abolished. The original concession policy has been replaced by t
(a) Incomes derived by research and development centres established by FIEs and foreign wholly-owned enterprises and incomes derived by foreign enterprises and foreign individuals from technology transfer, technology development and related consultan
Payers of vehicle and vessel tax are the owners or operators of vehicles and vessels. Should the owner or operator of a vehicle or vessel fail to pay the vehicle and vessel tax, the user shall pay the vehicle and vessel tax on his/her behalf. Vehicle
Stamp Duty
05,2011
Documents subject to stamp duty include contracts or documents in the nature of a contract in regard to purchase and sale transactions, contracted processing, survey and design contracts for engineering and construction, contracted construction proje
Urban Real Estate Tax
05,2011
All real estate owned by FIEs and foreign nationals is taxed at the rate of 1.2% after making a one-off deduction of 10%-30% of the original value of the property, or at the rate of 12% of rental income. Urban real estate tax is assessed annually and
Land Appreciation Tax
05,2011
Land appreciation tax is levied on units and individuals on incomes derived from the transfer of state-owned land-use rights, buildings and their attached facilities, and are assessed at a prescribed tax rate on the basis of the appreciation amount d
Individual Income Tax
05,2011
Individual income tax is levied on the incomes derived from sources both inside and outside China of individuals who have domicile in China, or although without domicile have resided for one year or more in China; and on the incomes derived from sour
Enterprise Income Tax
05,2011
(a) Taxpayer According to the Enterprise Income Tax Law (effective on 1 January 2008) promulgated in March 2007, enterprises and other organisations in China receiving incomes are required to pay enterprise income tax. (This law is not applicable to