Shenyang Corporation Tax

Shenyang Company Tax Service
Hotline: 86-755-82143348, Email: anitayao@citilinkia.com

Shenyang Corporation Tax is a Chinese tax on the taxable profits of limited companies and some organizations including clubs, societies, associations, co-operatives, charities and other unincorporated bodies.

Shenyang Corporation Tax – Contents of Chinese Corporation Tax
Basically, Shenyang Corporation Tax mainly refers to the taxable profits. Thus the taxable profits for Corporation Tax include:
1. Profits from taxable income such as trading profits and investment profits (except dividend income which is taxed differently)
2. Capital gains - known as 'chargeable gains' for Corporation Tax purposes

According to the Chinese law, the taxpayer must file its Tax return within the prescribed time, no matter whether it has business turnover. Tax return is a record of your taxable income, calculated over the financial year, and the tax payable on that amount.

Shenyang Corporation Tax– Chinese Corporation Tax financial years and Tax Return Form
Shenyang adopts a low-tax policy for foreign-invested enterprise, and a preferential tax policy for the areas or those projects listed in the state-encouraged industrial catalogue for foreign investment. The date of tax return filling for foreign-invested enterprise is 1April to 30May. Since April 2011, all companies, clubs, societies, associations and other unincorporated bodies should file their company tax returns online.

For Corporation Tax, the tax year is called the 'financial year' or 'fiscal year' and runs from 1 April to 31 March. This is different from the tax year for individual taxpayers, which runs from 6 April to 5 April. The Chancellor sets out the rates of Corporation Tax and various allowances, reliefs and credits in the Budget each year (usually in March or April) and also in the Pre-Budget Report the previous November/December. Normally any changes are announced one or more financial years in advance of the year to which they will apply.

Shenyang Corporation Tax – Chinese Corporation Tax Rate for Foreign-invested Enterprise
Tax law and policy are developed jointly by the State Administration of Taxation (SAT) and the Ministry of Finance. The SAT is the body charged with collecting tax and enforcing compliance. The SAT is assisted by the state and local tax bureaus at the provincial level and below.

Contact Us
If you have further enquire, please do not hesitate to contact ATAHK at anytime, anywhere by simply visiting ATAHK’s website: www.3737580.net , or calling HK hotline at 852-2783 7818 or Shenyang TEL: 86-024-23180683.