There are many Chinese-English language individual income tax calculators for China that you can use. Simply enter the Chinese city you live in, your income (monthly or yearly), social welfare rate, and special additional deductions, and you'll be able to calculate your personal income tax in...
Table of Contents Taxable Income in China Deductions Practices to Lower the Income Tax in China China Income Tax Rates IIIT Calculation Method: How to Calculate Individual Income Tax in China Tax Residency Annual Tax Return Conclusion on Individual Income Tax in China As part of the ...
(Note: the term "taxableincome amount" as mentioned in this table refers to the balance of theamount deducted from the monthly income of three thousand and five hundred yuanand the additional deductions after the provisions of the sixth article of thisLaw Five, personal income taxrate table tw...
For employment income, the employer is obligated to withhold and settle the IIT payable generally within 15 days after the end of each month. A surcharge of 0.05% per day for all taxes, including IIT, will be assessed on delinquent payments, pursuant to the China Tax Administration and Collec...
Table of Contents Corporate Income Tax in China: Overview China CIT Calculation Method CIT Exemptions/Reductions in China Filing and Payment of China Corporate Income Tax Conclusion on China’s Corporate Income Tax Corporate Income Tax (CIT) generally applies to all companies doing business ...
The following table gives an overview of the discussed scenarios. In a nutshell As we have seen individual income tax liability for expats in China depends on a – sometimes very complex – combination of factors. An expat planning to keep his personal tax burden at a reasonable level should ...
The applicable VAT rates for general VAT payers from 1 April 2019 are set out in the following table: Industries Applicable VAT rate (%) Sales or importation of goods 13 Sales or importation of necessity goods (e.g. agricultural products, water, gas) 9 Provision of repairs, replacement, and...
When calculating their IIT amount, foreign expatriates need to proportion their total taxable income based on income source and duration of stay in and outside of China during the month (the specific formulae are listed in the accompanying table). When counting the number of work days in China...
9.Contingent incomeTaxable Income = Amount received in each payment Where a tax resident obtains income from items 1 to 4 in the preceding table (hereinafter referred to as "comprehensive income"), the IIT for that tax year shall be calculated on a consolidated basis. Where a non-tax residen...
The Gross Domestic Product (GDP) in China expanded 4.5 % YoY in Mar 2023, following a growth of 2.9 % in the previous quarter. See the table below for more data.Last Previous Min Max Unit Frequency Range 4.5 Mar 2023 2.9 Dec 2022 -6.9 Mar 2020 18.7 Mar 2021 % quarterly Mar 1992 ...