Malaysia Hotline: +603- 2141 8908
Shanghai
General Taxpayer is a person or organization (such as a company) in Shanghai
subject to a tax on income. Taxpayers have an Identification Number, a
reference number issued by a government to its citizens.
Definition
of Tax
Tax is
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.
Shanghai
Taxation Category
In the
current tax system, Shanghai'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,
Shanghai'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 Shanghai, are as follows:
•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
VAT
General Taxpayer
VAT
general taxpayer, is the sales tax incandidates (including a full calendar year
in taxable sales), more than the Ministry of Finance for small-scale taxpayers,
the standard (industrial enterprises with annual taxable sales of 1 million
yuan more commercial enterprises with annual taxable sales 180 million yuan)
business and enterprise units. VATgeneral taxpayer is divided into three types:
general VATtaxpayer, temporary VAT general taxpayer identification and
counseling the general taxpayer. The general VAT taxpayer that is a formal
general taxpayer; temporary VAT general taxpayeridentification productive
enterprise that is recognized by the general taxpayer temporarily, temporarily
identified after theexpiration of one year rigorous examination, eligible
taxpayers in general to the official ; Guidance on the general taxpayer that
the implementation of the new commercial enterprise counselingperiod taxpayer
management, counseling expires 6 months afterstrict examination, to meet the
requirements formally the general taxpayer.
Shanghai
Company Tax Advisory
Tax
always comes into play in almost every facet of the business. To avoid surprise
losses related to tax, tax advice needs to be sought before you enter into
business transactions. Hence, tax planning is best developed in advance.
However, certain transactions may have been undertaken without proper tax
planning or even without any tax planning at all. In those situations, company
will need to identify tax risks and find ways to mitigate them. Shanghai
company advisory services aim to satisfy this kind of needs.
Shanghai
Company Tax Advisory Services Include:
•Application
and Advisory for Tax Preferences
•Tax
Declaration
•Individual
Income Tax Declaration for Foreign Nationals
•Tax
Planning of Fixed Assets
•Long-Term
Tax Advisory
•Customs
Duty and Goods Tax Advisory
•Domestic
Investment Structure Assessment
•Transfer
Pricing Service
•Provision
of the Latest Shanghai Taxation Ordinances, Amendment of Rules and Regulations,
as well as Practice Bylaw Materials.
•Diagnosis
of Shanghai Taxation
•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
TANNET GROUP : http://www.tannet-group.net, http://en.tannet.com.my