It is State Council only.
Self-produced agricultural products sold by agricultural producers; b)Contraceptive medicines and devices; c)Antique books; d)Instruments and equipment imported for direct use in scientific research, experiment and education; e)Imported materials and equipment granted by foreign governments or international organizations; f)Articles imported directly by organizations for the disabled for exclusive use by the disabled. g)Sales of goods which […]
Different items are subject to different rates from zero to 17%. Please find below table for details. Category Item Tax Rate 1 Exported goods (except otherwise stipulated by the State) 0% 2 a) Agriculture, forestry, animal husbandry and aquatic products; b) Edible vegetable oil and food grains products; c) Tap […]
Any enterprise or individuals involved in the activities above are VAT taxpayers. The taxpayers should be the purchaser of products or services while goods sellers or service providers act as VAT collection agents.
VAT is an indirect tax levied on sales of goods, importation of goods, and services relating to processing, repair and replacement. It accounts for approximately 40% of all tax revenue of Chinese government. So, Chinese government has been setting up various rules to strengthen VAT administration.
That depends on how much he/she has paid overseas. The individual income tax on overseas income should be calculated separately for each different country or region and for each different income category according to Chinese law. If the amount paid overseas is less than the amount that should be paid in China, the difference should be […]
Only half day is counted for each entrance or leaving day.
Yes. The actual cost of the assets should be included in salaries and wages and pay IIT.
IIT payable for bonus = Bonus * Applicable rate – Quick deduction Tax rate and quick deduction should apply to those of an amount equal to bonus divided by 12.
RMB 50,414. (Data source: Statistics Bureau of Beijing Municipality)
