For residence individuals, including foreign individuals who meet certain conditions, if they choose to have their one-off bonus taxed as part of their comprehensive income for the year, the following tax rate table shall be applied to calculate their corresponding IIT. 选择不并入当年综合所得,适用...
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.
Taxable labour service income (CNY) Provisional withholding tax rate (%) 0 to 20,000 20 Over 20,000 to 50,000 30 Over 50,000 40 Actual tax withholding on employment income, remuneration for labour services, author’s remuneration, and royalties paid to non-residents Payer of employment incom...
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 ...
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...
Premium Statistic Highest tax rate in China 2021 Basic Statistic National debt of China 2029 Basic Statistic National debt of China in relation to GDP 2010-2029 Basic Statistic Ratio of military expenditure to gross domestic product (GDP) in China 2022 Basic Statistic Budget balance in China...
CIT rate for enterprises registered in China, whether local shareholder or a foreign shareholder, is 25 percent. There are numerous incentives and policies which may lower this amount for high-tech businesses, low profit companies and other companies that meet the criteria of the tax incentives ...
This graph shows the monthly revenue from consumption tax in China from November 2022 to November 2024.
Added a Refund result codes table. Updated the consult document: Modified the following field from Optional to Required: Response parameters: result.resultMessage Added the following error codes: INVALID_CLIENT_STATUS OAUTH_FAILED UNKNOWN_CLIENT Updated the applyToken document: ...
In November 2024, the monthly inflation rate in China ranged at 0.2 percent compared to the same month in the previous year. Inflation had peaked at 2.8 percent in September 2022, but eased recently. The annual average inflation rate in China ranged at 0.2 percent in 2023. China’s inflati...