Business tax is a kind of turnover tax levied on the revenue generated from the provision of taxable services, such as communications and transportation, construction, finance and insurance, posts and telecommunications, culture and sports, entertain
Business Tax
05,2011
Customs Duty
05,2011
Customs duty is levied by Customs on commercial commodities or articles entering or leaving China's national boundaries or customs territories. (a) Taxpayer Payers of customs duty on commercial commodities are consignees of imports and consignors of
Consumption Tax
05,2011
Consumption tax is tax payable on the sales value or volume of taxable consumer goods sold in China by units and individuals engaged in the production, subcontracted processing or importation of any of the following 14 items of goods: cigarettes, alc
Tax Legislation
05,2011
For the time being, the State Organs having authority to formulate tax laws or tax policy mainly include National People' s Congress and its Standing Committee, State Council , Ministry of Finance , State Administration of Taxation , Tariff and Class
Type of Taxes in China
05,2011
Tax is the most important source of fiscal revenue of China. It is also an important economic lever utilized by the State to strengthen macro-economic regulation, which produces important impacts on China' s economic and social development. After the
Value Added Tax
05,2011
Value Added Tax As a type of turnover tax, value-added tax (VAT) is levied on the increased value of commodities at different stages of production or circulation, or on the value-added of commodities. All enterprises and individuals engaged in the sa