7.4 Business Tax
Business tax is a kind of turnover tax levied on the revenue generated from the provision of taxable services, such as communications and transportation, construction, finance and insurance, posts and telecommunications, culture and sports, entertainment and other taxable services, as well as the transfer of intangible assets and the sale of immovable properties within the territory of China.
Payers of business tax are units or individuals engaged in the provision of taxable services, transfer of intangible assets or sale of immovable properties in China.
Taxable Items and Tax Rates
There are nine taxable items for business tax, ranging from 3% to 20% (for entertainment).
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