Common Taxes and Fees
Common tax types in China include, but are not limited to, the following:
1. Value-Added Tax (VAT) (13% turnover tax): A tax levied on the value-added portion of goods production, sales, and services.
A. VAT Types: Value-Added Tax is divided into two types: general taxpayers and small-scale taxpayers.
General taxpayers usually apply higher tax rates and can deduct input tax credits, while small-scale taxpayers apply lower tax rates and usually cannot deduct input tax credits. In addition, different tax rates are set for different categories of goods and services according to the VAT.
B. Latest VAT Policies:
The Chinese government continues to implement tax reduction and fee reduction policies, adjusting the tax rates and preferential policies for VAT. For example, small-scale VAT taxpayers with monthly sales of less than 100,000 yuan (inclusive) are exempt from VAT. In addition, the taxable sales revenue of small-scale VAT taxpayers applying a 3% collection rate will be taxed at a reduced rate of 1%.
Reference:
[1]:http://baike.baidu.com/l/Xoiy1xYe?bk_share=copy
2. Corporate Income Tax (General Tax Rate): A tax levied on the profits of enterprises. Global tax rate of 25%
3. Individual Income Tax (Comprehensive Income): A tax levied on various incomes of individuals, such as wages, salaries, and service remuneration.
4. Consumption Tax: A tax levied on specific consumer goods such as tobacco and alcohol.
5. Resource Tax: Levied on units and individuals that mine taxable resources or produce salt within China.
6. Land Value-Added Tax: A tax levied on the income from the transfer of state-owned land use rights, buildings, and their ancillary facilities.
7. Property Tax: A tax levied on property owners.
8. Vehicle and Vessel Tax: A tax levied on motor vehicles and vessels.
9. Stamp Tax: A tax levied on documents such as economic contracts and property transfer documents.
10. Urban Maintenance and Construction Tax: A tax levied based on the value-added tax and consumption tax actually paid by taxpayers.
11. Education Surcharge: A tax levied at a certain percentage of the value-added tax, consumption tax, and business tax paid by taxpayers.
12. Local Education Surcharge: Similar to the education surcharge, but specifically used for local education.
13. Land Use Tax: A tax levied on units and individuals using state-owned land.
14. Deed Tax: A tax levied on units and individuals who acquire land use rights and property ownership when land and house ownership is transferred.
15. Environmental Protection Tax: A tax levied on units and individuals that discharge pollutants.
16. Cultivated Land Occupation Tax: A tax levied on units and individuals who occupy cultivated land.
17. Vehicle Purchase Tax: A tax levied on units and individuals who purchase taxable vehicles.
18. Customs Duty: A tax levied on import and export goods.
Reference:
[1]:https://baike.sogou.com/v7952476.htm?ch=zhihu.topic
[2]:https://www.zhihu.com/tardis/bd/art/141935979
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