Category

Chinese business tax relief

• 02.17.08
  Tax rates and liabilities   Chinese business tax relief, Setting up Rep offices or foreign owned enterprises (0)

  The first RMB4,800 of your earning in China are tax free.That does not mean you can rush out and declare salaries of RMB 5,000!The tax bureaus are wise to this and will demand to see concrete proof of your earning elsewhere.If you can not provide this they may refuse to register you,effectively immediately making your […]

• 01.21.08
  VAT Reform in North-East China   Chinese business tax relief, Setting up Rep offices or foreign owned enterprises (0)

  The new change in the Chinese VAT system being trialed in the North-East is reducing considerably such burdens for business in the region,as it makes it less expensive for companies to upgrade their facilities,Applied nationally,it would provide a major incentive for prospective investors.
  As part of a 2003 policy initiative on “Revitalising the northeast old industry […]

• 01.21.08
  Value added tax   Chinese business tax relief, Establish business relationships with Chinese companies (0)

  VAP applies if your company is selling .manufacturing,processing or repairing tangible goods. It also applies om importation of raw material and equipment.Rates vary between 0% and 17%,and the regulation are complex.

• 01.21.08
  Rates of business tax   Chinese business tax relief, Setting up Rep offices or foreign owned enterprises (0)

  Transportation by land,water air and pipeline,loading and unloading,delivery-3%
  Construction,installation,repair,decoration and other engineering work-3%
  Finance and insurance-5%
  Posts and telecommunications-3%
  Culture and sports-3%
  Singing bars,dance halls,karaoke lounges,commercial musical halls,tea houses,billiards,golf,bowling and amusement facilities-5-20%
  Servicing agency,hotel,catering,tourism,warehousing,leasing,advertising and other services-5%
  Transfer of land-use rights,patent rights,trademarks,copyrights and goodwill-5%
  Sale of buildings and other attachments to land-5%
  Business tax is usually calculated,filed and paid to the local tax […]

• 01.21.08
  business tax   Chinese business tax relief (0)

  this is a tax payable against turnover by all enterprises and individuals undertaking the following business:
  *providing taxable services,including communications,transport,construction,finance and insurance,telecoms,culture,entertainment and service industries
  *transferring the provision of intangible assets
  *selling immovable propertiesx
  The basic formula is :
  Tax payable=turnover x tax rate
  Only a few items can be excluded from turnover.

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