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China Taxation

China Taxation
Brand: China
Category: Tax Jurisdiction

Rating

The overall rating is based on review by third parties and our experts

5.1
  • Global Tax Friendly 3 / 10
  • Inheritance Tax Friendly 10 / 10
  • Easy to Citizenship 5 / 10
  • Financial Secret Score 5 / 10
  • R. Estate Tax Friendly 5 / 10
  • Gift Tax Friendly 10 / 10
  • Anti-Aml Index 3 / 10

In general, individuals who have domicile in China, or though without domicile but have resided for one year or more in China are deemed to be residents in China. Domicile refers to habitual residence in China on account of domiciliary registration, family ties or economic interests.

Information

Investment Basis

Currency RMB
Accounting Principles IFRS
Individual Worldwide Tax Basis Resident, Domicile
Fast Track Citizenship

Individual Taxation

Starting Taxable Income 5001
Starting Income Tax Rate 3%
Highest Income Tax Rate 45%
No Individual Capital Gain Tax

Inheritance, Gift, Net Worth, Dividend, Interest Taxation

No Net Worth Tax
No Gift Tax
No Inheritance Tax
Dividend Tax 20%
Interest Tax 10%

Corporate Taxation

Income Tax Rate 25%
Branch Tax Rate 25%
No Capital Gain Tax

Withholding Taxation for Nonresidents

Dividends (Company) 10%
Interest (Company) 10%
Royalties (Company) 10%
Fees for Technical Services (Company) 25%
Dividends (Individual) 20%
Interest (Individual) 20%
Royalties (Individual) 3%-45%
Fees for Technical Services (Individual) 3%-45%

Withholding Taxation for Residents

Dividends (Company) 0%
Interest (Company) 0%
Royalties (Company) 0%
Fees for Technical Services (Company) 0%
Dividends (Individual) 20%
Interest (Individual) 20%
Royalties (Individual) 20%
Fees for Technical Services (Individual) 20%-40%

Real Estate

Transfer Tax 3%-5%, depends
Real Property Tax 1.2%

Value Added Tax

Standard Rate 13%
Reduced Rate 0%/3%/5%/6%/9%

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