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 categorised 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 staff 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 Include:
Major Taxation in Mainland China, are as follows:
Schedule of Taxation Involved in Foreign Enterprises in Major Industries
|Taxation Involved in Various Industries|
|Taxation||Tax Rate||Manufacturing||Commerce||Services||"Processing & Assembly" Company||Representative Office||Linkage|
|Corporate Income Tax||15%-25%||Click for details|
|Value Added Tax||3%-17%||-||-||-||Click for details|
|Consumption Tax||1%-56%||-||-||-||-||Click for details|
|Customs Duty||As provided by the Customs||-||-||-||Click for details|
|Individual Income Tax||3%-45%||Click for details|
|Real Estate Tax||1.2%||Click for details|
|Land Value Added Tax||30%-60%||Click for details|
|Stamp Duty||0.003%-0.1%||Click for details|
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