China
Taxation in China
China related forum posts
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Thank You Discovery Investment Loans
HelloI have been trying to get a loan for some time now. due to the large sum amount of the money to expand my business in Finland but i was unable to get a loan because to my credit score All other corporation/bank turned me down.Till i was introduced by start up overseas to Discovery Investment LOANS and i was able to get a loan from them without any delay, So i am using this opportu
Total Posts: 1 Last post by egarinc-us
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Thank You Discovery Investment Loans
Hello I have been trying to get a loan for some time now. due to the large sum amount of the money to expand my business in Finland but i was unable to get a loan because to my credit score All other corporation/bank turned me down. Till i was introduced by start up overseas to Discovery Investment LOANS and i was able to get a loan from them without any delay, So i am using this opportuni
Total Posts: 1 Last post by egarinc-us
Taxation in China
If you live and work in China for more than 183 days, you will be liable to pay Chinese taxes on all income received. Personal income tax is charged on an incremental scale, starting from 5% up to 45%. If you are also in receipt of income from overseas, you will be taxed on this too, with a tax credit given against any tax already paid in other countries. The figures below are in Yuan Renminbi:
5% on income between 1 and 500
10% on income between 501 and 2,000
15% on income between 5,001 and 20,000
25% on income between 20,001 and 40,000
30% on income between 40,001 and 60,000
35% on income between 60,001 and 80,000
40% on income between 80,001 and 100,000
45% on income of 100,001 and above
The corporate tax rate for domestic and foreign companies is 25%. Small companies can pay 20% corporate tax in certain cases.
Organisations that can assist with Taxation
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> GCE Global Solutions
I already have business in China, but my operation is very large and I need to keep track of the information.
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> Sovereign Group
Sovereign offers a range of advisory and support services to assist companies of all sizes to establish successful business operations in foreign markets.