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Category
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Type
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Application and filing requirements
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Tax on income
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Enterprise Income Tax ("EIT"): 15 – 33%
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Provisional payment quarterly within 15 days after the end of each quarter. Final settlement within four months after the end of a year, where an annual filing is required.
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Withholding income tax ("WHT"):10 – 20%
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Charged on payments to non-residents of China. Applicable to rental, royalty and other income, as well as payments for services rendered in China where the period is over that allowable by the respective taxation treaty.
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Individual income tax
("IIT"):0-45%
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Monthly basis for local and expatriate employees, China income earning, within 7 days from month end.
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Tax on transactions (turnover tax)
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Value-added tax ("VAT"):13-17%
Small company pays 6% on sales
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Monthly basis within 10 days after the end of month. Days basis of 3, 5, 10 or 15 days, estimated instalments within 5 days after the end of period and final settled within the first 10 days in next month.
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Consumption tax ("CT"):3-50%
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Luxury goods tax, and levied on items such as consumer goods, including tobacco, alcoholic beverages, ethyl alcohol, cosmetics, skin and hair care products, jewellery, fireworks, etc. Payment is the same at with VAT.
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Business tax ("BT"):3-20%, norm is 5% on services
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Payable monthly within 10 days after the end of each month, for a Representative Office, payable on quarterly basis within 10 days
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Tax on specific objective
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Land appreciation tax:30% to 60%
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Charged on all gains realized from transfer of the real property and its attachments, payable within 7 days after the contract issued.
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Tax on resource
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Resources tax:Rates varies according to type of resource
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Charged on the natural resources per measurable unit of resource. Charged on a monthly basis and should be paid within 10 days after the end of month. As with VAT, it can also be levied on daily basis
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Tax on property
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Urban real estate tax: 1.2% of the original value with certain deduction (10% to 30% is commonly offered by local governments) or 12% on the rental value.
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A tax imposed on the owners, users or custodians of houses and buildings. Payable on a quarterly or semi-annual basis.
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Tax on behaviour
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Vehicle and vessel usage and license plate tax
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This is charged at a fixed rate either a yearly or quarterly basis.
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Motor vehicle acquisition tax10% on importation
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Paid within 60 days after obtained or imported date.
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Stamp tax 0.005% to 0.1%.
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This is charged on "specified documentation" such as contracts and paid when occurred
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Tax levied by the Customs
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Customs duties: Rate varies by product
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Charged on import or export goods. It is to be paid within 15 days after the issuance of Customs Duties Tax Advise
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Tax levied by finance department
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Deed tax: 3-5%
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Charged on transfer of ownership of land use rights or real properties, and is to be paid within 10 days after the transaction.
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