China Taxation

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 & 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.

In Conpak CPA Limited, tax professionals experienced with many years of domestic taxation handling are proficient in the assessment of tax risks of investment projects, for clients. They can provide tax planning and consulting which suitable to a company's operating program, solve relevant tax issues for clients who are operating in mainland China, and help foreign workers process their individual income tax, and other services. By virtue of our tax consulting service, corporations served by us will have a greater competitive edge.

Our Services

• 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 China taxation ordinances, amendment of rules and regulations, as well as practice bylaw materials.

Major Taxation in Mainland China, are as follows:

• Value Added Tax
• Business Tax
• Consumption Tax
• Corporate Income Tax
• Individual Income Tax
• Customs Duty

Schedule of Taxation Involved in Foreign Enterprises in Major Industries

Taxation	Tax Rate	Taxation Involved in Various Industries					Linkage
		Manufacturing	Commerce	Services	Processing with materials, processing according to samples and assembling parts supplied by investor or clients and conducting compensation trade	Representative Office
Value Added Tax	17%			-	-	-	Click for details
Business Tax	3%-20%	-	-		-		Click for details
Consumption Tax	3%-45%		-	-	-	-	Click for details
Corporate Income Tax	15%-25%						Click for details
Real Estate Tax	1.2%						Click for details
Land Value Added Tax	30%-60%						Click for details
Stamp Duty	0.005%-0.1%						Click for details
Customs Duty	As provided by the Customs			-	-	-	Click for details
Individual Income Tax	5%-45%						Click for details

If you would like more information about China Taxation, please contact our professionals and we will provide you with free advisory.