The Corporate Tax Rate in China stands at 25 percent. This page provides - China Corporate Tax Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.
From 1.1.2008 China's new corporate tax rate is 25%. The new corporate tax rate applies to both domestic and foreign companies.The new tax rate replaces the previous tax rate of 33%.Foreign companies which set up activities before 2008 can enjoy, for a limited period, the previous 15% ...
China's New Interest Rate Cut July 2012 The Chinese central bank surprised on July 5 , 2012 by deciding to cut the interest rate for the second time within one month. The interest on deposits was cut by 0.25% down to 3.0% while the lending rate was cut by 0.31% down to 6.0%. The ...
Under the CIT law, the standard tax rate is 25%. A lower CIT rate is available for the following sectors/industries on a national basis: Qualified new/high tech enterprises are eligible for a reduced CIT rate of 15%. An enterprise has to fulfil a set of prescribed criteria and be subjec...
New energy passenger vehicles will continue to enjoy exemption from purchase tax from 2024 through the end of 2025. From 2026 until the end of 2027, these vehicles will be subject to a 50% reduction in purchase tax, with a tax rate of 5%. ...
This graph shows the annual growth of revenue from value-added tax (VAT) on domestic products and services (not including VAT on import products) of the Chinese government from 2013 to 2023.
The country's consumer price index (CPI) remained tame coming into 2023, with the February reading standing at 1 percent. China has targeted an inflation rate of around 3 percent this year, according to the government work report. 2023年,中国消费者价格指数(CPI)温和上涨,2月份上涨1%。根据政府...
This graph shows the monthly corporate income tax revenue in China from November 2022 to November 2024.
A new round of reform of the fiscal and tax system should be designed and the reform of the financial system should be implemented. On the opening-up front, efforts should be made to foster new drivers of foreign trade, consolidate the overall performance of foreign trade and foreign capital...
Such a "Robust rebound means China is set to account for around one-third of global growth in 2023," said Georgieva. China's Finance Minister Liu Kun suggested that China will further improve fiscal and tax policies, emphasizing the support for micro, small and medium-sized enterprises, indivi...