| Finance Documents
Required for Financial Registration Formalities:
1) Permit
2) Business License
3) Contract
4) Articles of Association
5) Financial Registration Form Tax
Individual Income Tax Rates
Level |
Monthly Income(RMB) |
Tax Rate(%) |
Tax Free Allowance |
１ |
Below 500 |
5 |
0 |
２ |
500-2000 |
10 |
25 |
３ |
2000-5000 |
15 |
125 |
４ |
5000-20000 |
20 |
375 |
５ |
20000-40000 |
25 |
1375 |
６ |
40000-60000 |
30 |
3375 |
７ |
60000-80000 |
35 |
5375 |
８ |
80000-100000 |
40 |
10375 |
９ |
Above 100000 |
45 |
15375 |
Labour Income (Exclusive
of Tax) |
Tax Rate |
Tax free Allowa |
Below 21,000 |
20% |
0 |
21,000-49,000 |
30% |
2000 |
Above 49,000 |
40% |
7000 |
Business Tax Rates
Iten |
Scope |
Rate |
1.Transportation |
Land, water, air, and pipe transportation;
loading & unloading, delivery |
3% |
2. Construction |
Construction, installation, repair,
decoration, and others |
3% |
3. Finance & insurance |
Finance, insurance (rural credit co-op
5%) |
6% |
4. Post & telecommunications |
Post, telecommunications |
3% |
5. Culture & sport |
Culture, sport |
3% |
6. Recreation |
Song & dance hall, karaokay hall,
music tea house, billiards, golf, bowling, amusement Electronic
game hall |
20% |
7. Service |
Agent, hotel, restaurant, tourism, warehousing,
leasing, advertisement, and other services |
5% |
8. Transfer of intangible assets |
Land-use right, patent right, non-patent
technology, trademark right, copyright, credit in business |
5% |
9. Selling real estate |
Building or structure, other land accessories |
5% |
Land VAT Rates
| Proportion of Added Value
and Deduction |
Rate |
| Added value ＋50% of amount of deducted item |
30% |
| 100% of amount of deducted item −Added value > 50% of
amount of deducted item |
40% |
| 200% of amount of deducted item −Added value > 100% of
amount of deducted item |
50% |
| Added value > 200% of amount of deducted item |
60% |
| Taxable land tax = amount of added value * rate;
amount of added value = income from transfer of real estate
- amount of required deducted item |
Other Taxes and Tax Rates
Item
|
Rate |
| Housing property tax |
1.2% of original property value or 12% of income of rent
|
| Vehicle and ship use tax |
The annual rate is: 260 yuan per coach (below 20 seats);
300 yuan per coach (above 20 seats); 60 yuan per ton (truck);
56 yuan and 72 yuan per motorcycle and tricycle respectively;
1.2-5 yuan per ship tonnage. |
| Stamp tax |
Proportion rate and quota rate are adopted. Proportion rate:
3/10000, 5/10000, 1/1000, and 0.5/10000 respectively for different
taxable vouchers; quota rate: 5 yuan per taxable voucher.
|
| Resource tax |
Quota rates are adopted for petroleum,
natural gas, coal, other non-metal mineral ore, and salt. |
|
