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Cost of Tax/Fee
●○Enterprise Income Taxes
The rate for domestic funded enterprise is 33%.The tax
rate for production foreign investment enterprises is
24%."Double High" Enterprises will be set at
15%, while the rate can be a low as 10% for advanced technological
and exported-oriented enterprises. According to the detailed
conditions of the program, enterprises can enjoy years
of grace, be remitted of tax on profit and be able to
reinvestment as a tax rebate.
●○Added Value Tax
The Value Tax rate for industrial products is 17%.
Tax rate for: food, edible oil, heating, air conditioning,
hot water, gas, liquid gas, natural gas, books, newspapers,
magazines, feed, chemical fertilizers are 13%. The tax
rate for export-oriented goods is 0%.
Science Park Administration Committee can bestow financial
subsidies within 5 years. For encouraging foreign enterprises
that import related equipment, the import added value
tax and the import duties can be exempted..
●○Business Tax
Divided into 9 taxation programs and 3 kinds of tax
ratio. The tax rate for: A transportation, construction,
post& telecommunication, culture and sports product
is 3%. For finance & Insurance services, transfer
of non-commodity assets and sell of fixed assets is
5%. Amusement tax is 5-20%. Enterprises located outside
the Science Park who has signed in NSP will enjoy the
preferential policy.
●○Individual Income Taxes
Salary or monthly income in excess of 1200 RMB (Foreign
Nationals, 4000RMB) is taxable income. Tax rates for
salary range from 5 to 45% by 9 levels, while other
taxation programs range around 20%.
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Chinese
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