Item |
Basic rate |
Incentives |
Applied to |
| Corporate Income Tax |
15% |
Two years free and three years at half rate, starting from 1st profit making year |
All foreign-invested manufacturing companies in SND |
| 10%, after above 5-year tax holiday |
1. ¡°Technologically-advanced¡± (valid for three years)
2. ¡°Export-oriented¡±(valid for each year that the company exports more than 70%) |
| Five years free and five years at half rate, starting from 1st profit making year |
1. Foreign-invested companies that develop transportation, energy and infrastructures and have an operation period of more than 15 years.
2. ¡°IC Company¡± that has a total investment over RMB 8 billion or manufactures < 0.25¦Ìm products. |
| Rebate of tax paid |
1. 40% is rebated of the tax paid on the income used for increase of the current company's capital or setup of another foreign-invested company (no less than five years' operation period) within SND.
2¡¢100% is rebated of the tax paid on the income used for set up or capital increase an ¡°export-oriented¡± or ¡°technologically-advanced¡± company. |
| Local Income Tax |
3% |
Exempted |
All foreign-invested companies in SND. |
| VAT |
17% |
6% |
1. Total investment over RMB 8 billion
2. <0.25¦Ìm |
| 3% |
3£¥ Software companies. |
| Business Tax |
3~5% |
|
Taxable labor , transfer of intangible assets and sales of fixed assests |
| Consumption Tax |
3~17% |
|
Luxury commodities including cigarettes, wine, automobiles and cosmetics. |
| Deed Tax |
2~4% |
|
Traded value of real estate |
| Real Estate Tax |
1.2% |
|
70% original value of real property |
| VAT, land transfer |
1% |
|
|
| Stamp Tax |
0.03~0.1% |
|
Every piece |
| Vehicle Tax |
Varied by vehicle type |
|
Sedan RMB 180~300/year, truck RMB 60/ton/year |
| Individual Income Tax |
5~45% |
|
Progressive. Monthly taxable salary threshold: RMB 1,200/Chinese national, RMB 4,000/expat. |
