Personal Tax in China

Overview by Globlatrade.net:
Tax Base For Residents and Non-Residents
Residents are taxed on their national and international incomes. Non-residents are taxed on the incomes earned in China.
 

Tax Rate

Income tax progressive rates from 5% to a maximum of 45% over CNY 100 000
 
Allowable Deductions and Tax Credit
- credit for donations up to 30% of the income.
- income of personnel services (deduction of CNY 800 or 20%). 
- current expenditure for rental income, up to CNY 800 for each simple expenditure.
- relief for an individual who suffered a natural disaster.
- relief for handicapped person, widows/widowed person and orphans.
Special Expatriate Tax Regime
For foreigners taxed in China, an additional amount of 3,200 RMB can be reduced from their monthly income, or a total of 4,000 RMB.
Capital Tax Rate
A fixed income tax rate of 20% will be applicable to income from fees, earnings, dividends, bonuses, lease income or on the transfer of property, accidental income and other products. The interests on savings account deposits, government bonds and financial bonds issued by the State will be free of income tax.

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Experts Views (2)
  • Value-Added Tax

    The Guide to Selling in China gives a comprehensive account of the regulatory requirements in retail, wholesale and foreign trade in China. This chapter is on Taxes Relating to the Sale of Products by Enterprises.

    Hong Kong Trade Development Council (HKTDC) on 21 Feb 2011 related to Personal Tax in China

  • Enterprise Income Tax

    The Guide to Selling in China gives a comprehensive account of the regulatory requirements in retail, wholesale and foreign trade in China. This chapter is on Taxes Relating to the Sale of Products by Enterprises.

    Hong Kong Trade Development Council (HKTDC) on 21 Feb 2011 related to Personal Tax in China

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  • Hong Kong Trade Development Council...

    Government Trade Promotion, Hong Kong SAR