In 2009 there is a new reduced corporate tax rate of 12.5% for income of up to EUR 12,500. For income exceeding EUR 12,500 the corporate tax rate is 25% same as in 2008. Individual income tax rates are 10.5%-42%, unchanged compared to 2008, with slight changes in the tax brackets...
In addition, in some cases, even an RMB 1 wage difference can result in a significant difference in IIT because the applicable tax rate may fall under the higher brackets on the tax rate table. If employers and HR managers want their employees to enjoy the highest net income, they should ...
to facilitate and promote the private sector (encompassing aspects such as price control, investment and financial freedom, the burden of government regulations, tax consistency, non-tariff barriers, and the ease of starting a business, among others), is also found to contribute to CO2 emissions....