Malaysia Hotline: +603- 2141 8908
China
taxation is a financial charge or other levy imposed upon a taxpayer (an
individual or legal entity) by a state or the functional equivalent of a state
such that failure to pay, or evasion of or resistance to collection, is
punishable by law. Taxes are also imposed by many administrative
divisions. Taxes consist of direct or
indirect taxes and may be paid in money or as its labor equivalent.
In
the current tax system, China's taxation includes taxation on turnover
(including value added tax, consumption tax, business tax and customs duty),
taxation on profits/income (including corporate income tax for enterprises with
foreign investment and foreign enterprises, and individual income tax),
taxation on property and deeds (including real estate tax, contract tax and
stamp duty), and taxation on natural resources (including resources tax), which
are respectively in relation to different objects of taxation.
Moreover,
China's taxation can be categorized into central taxation, local taxation, as
well as local and central sharing taxation, in terms of revenue attribution and
collection jurisdiction, according to which, the tax preferences and tax rates
enjoyed by different corporations are always different.
Major Taxation in Mainland China:
- Corporate
Income Tax
- Value
Added Tax
- Business
Tax
- Consumption
Tax
- Real
Estate Tax
- Land
Value Added Tax
- Stamp
Duty
- Customs
Duty
- Individual
Income Tax
- Tax
Planning for Levying Value-added Tax in Lieu of Business Tax
Contact us
If you have further queries, please contact Tannet
24 hours Malaysia hotline：603-21418908;
24 hours Hong Kong hotline：852-27837818;
24 hours Hong Kong hotline：86-755- 36990589;
Email: mytannet@gmail.com
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