FINANCE

CHINA TAX SYSTEM

STATE TAXATION ADMINISTRATION is responsible for collection and enforcement of taxes in China.

China income taxes depends on the income level. This is a progressive form of taxes.

-Taxes are charged on worldwide income of residence.

Non resident business that has no permanent establishment in china are taxed based on income derived in china

Capital gain and loss are included on the income taxes before it is taxed.

stamp duty taxes is charged

motor vehicle acquisition tax is charges

-others(to be updated)

SEE MORE A. INTERNATIONAL TAX SYSTEM B.BUSINESS AND IT BOOKS C.TAX SOFTWARE

Disclaimer: Obi Azubuike is not by this publication(or post) acting as a professional advisers and therefore not liable for any damage whatsoever for your acting or refraining to act based on  this publication(post). Consult your professional for advice.