What is the framework of audit in China?

What are the exemption cases?

a) Crude oil used for heating or repairing wells in the course of exploiting crude oil; b) Taxpayers suffering huge losses due to serious accidents or natural disasters in the course of exploiting or producing taxable products.

How should I compute RT?

Tax payable = Quantity of taxable products × Applicable tax amount per unit

What is the framework of audit in China?

What are taxable items and tax rates of RT?

Level Tax base Tax Rate 1   Crude oil RMB 8-30 / ton 2   Natural gas   RMB 2-15 / 1000 cubic metres 3   Coal   RMB 0.3-5 / ton 4   Other non-metal ores   RMB 0.5-20 / ton or per cubic metre 5   Ferrous metal ores   RMB 2-30 / […]

What is Resource Tax (RT)

RT is a tax levied on exploitation of mineral resources or production of salt in China

What is the framework of audit in China?

When should I pay LVAT?

Within seven days after signing the real estate transfer agreement.

Are there any exemptions for LVAT?

a)the appreciation amount on the sale of ordinary standard residential buildings does not exceed 20% of the sum of deductible items b)Donations or succession of real properties

What are the tax bases and tax rates of LVAT?

LVAT is calculated at four-level progressive rates as below. Level Tax base Tax Rate 1   The part of the appreciation amount not exceeding 50% of the sum of deductible items 30% 2   The part of the appreciation amount exceeding 50%, but not exceeding 100%, of the sum of deductible items 40% 3   […]

How DT is taxed?

The tax rates of DT vary depending on the status of the purchaser and the localities, ranging from 1.5% to 5%.