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 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:

• Long-Term Tax Advisory
• Application and Advisory for Tax Preferences
• Tax Declaration
• Individual Income Tax Declaration for Foreigners
• Tax Planning of Fixed Assets
• 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.
• Diagnosis of China Taxation

Major Taxation in Mainland China, are as follows:

• Corporate Income Tax
• Value Added Tax
• Consumption Tax
• Customs Duty
• Individual Income Tax
• Real Estate Tax
• Land Value Added Tax
• Stamp Duty

Schedule of Taxation Involved in Foreign Enterprises in Major Industries

		Taxation Involved in Various Industries
Taxation	Tax Rate	Manufacturing	Commerce	Services	Representative Office	Linkage
Corporate Income Tax	15%-25%					Click for details
Value Added Tax	3%-13%			-	-	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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