The tax law and regulation for the enterprise in China

The tax law and regulation for enterprises in China is governed by the Law of the People's Republic of China on Enterprise Income Tax and its related regulations. According to the law, the standard corporate income tax (CIT) rate for resident enterprises and non-resident enterprises with establishments or places in China is 25 percent. Foreign enterprises, which are foreign companies or economic organizations that have establishments or places in China, are also subject to enterprise income tax. The law also specifies rules and procedures for the withholding tax, transfer pricing, and other aspects of enterprise taxation in China. It is recommended to consult with a local tax and investment consultant or professional who can provide more detailed information on the tax regulation for enterprises in China.

here are some additional pieces of tax information in China:

1. In addition to the corporate income tax rate of 25 percent, there are also preferential tax policies available for certain industries and enterprises in China, such as high-tech companies, small and micro enterprises, and those located in special economic zones.

2. Value-added tax (VAT) is the main form of indirect taxation in China, and it is imposed on the provision of goods and services within the country.

3. In addition to the national tax authority, there are also local tax bureaus in most cities and provinces in China that are responsible for enforcing tax laws and regulations.

4. The China International Taxation Institute is a professional organization that provides training, education, and research in the field of international taxation in China.

5. The State Administration of Taxation in China has been restructured and is now known as the State Taxation Administration.

6. For individuals working in China, the personal income tax rate varies depending on the individual's income level and residency status, with non-residents typically being taxed only on their China-sourced income.

7. In addition to domestic taxation, China also has tax treaties with many other countries to avoid double taxation and encourage cross-border investment and trade.