Individual income tax rates for domestic taxpayers are the same as for foreigners in China.
The threshold is RMB1,600 now,but will be 2000 since 1st March 2008.
mandatory welfare contributions by employers to staff are calculated on a percentage of salary,and include:
Medical Insurance;Unemployment Benefit;Employment Injury;Insurance;State Pension ;Housing Fund
The percentages for each contribution vary from city to city.These […]
IC companies that meet the minimum investment requirements or that
manufacture the type of IC defined in law are eligible for tax
benefits, regardless of the geographical location of the factory.
Such companies, in addition to 15%a reduced rate of tax are eligible,
after approval of the application, for tax benefits of 5 + 5 years
which means an exemption […]
Benefits that China grants to foreign investors are not given in the form of grants.
Most benefits are in the form of a tax benefit, including value added
tax, customs and income tax benefits in putting the emphasis on an
investment in a Special Economic Zone (SEZ) or in special sectors and
areas.
The benefits granted are as previously approved […]
The Chinese government will grant some African countries tariff-free treatment for their exports to China.The measure to be taken is aimed at helping the
least developed countries in Africa expand export, increase revenue and
alleviate poverty.
The Chinese government will
take some other measures within the framework of the China-Africa
Cooperation Forum to enhance the cooperation, including pumping more
resources into […]