|
|
|
Major Types of Taxes and Their Rates
1. Income tax Enterprise income tax rate for production-related joint ventures with foreign investment within the Kangqiao Industrial Zone is 15%. 2. Value-added tax The basic rate of value-added tax is 17%. The rate for export goods is zero, except those otherwise stipulated by the State Council. 3. Business tax All units and individuals engaged in businesses such as transportation, construction and service, or the transfer of intangible assets, or the sale of immovable properties within the territory of the People's Republic of China shall pay business tax. Business tax rate is 3% or 5%. Rate for businesses in the entertainment industry is 5% or 10%. 4. Stamp duty The minimum rate of stamp duty is 0.005% and the maximum rate is 0.1%. License certificates and business account books shall be stamped one by one, and RMB 5 yuan for each. 5. Real estate tax House property tax is levied according to the original value less 20% and the annual rate is 1.2%; if the tax is levied according to rental income, the rate is 12%. 6. Vehicle and vessel license tax All the vehicles and vessels owned and used by foreign investment enterprises are subject to this tax according to "The Interim Regulations of the Vehicle and Vessel Operation License Tax". 7. Individual Income Tax Individual income tax shall be paid according to the taxable amount which is left from his (or her) monthly income deducted by RMB 1000 yuan (4000 yuan in case of a foreigner). The detailed rates are as follows. Grade Monthly taxable income (RMB yuan) กกกกกกRate (%) |