Shenzhen tax items
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1.Enterprise income tax
Income derived from manufacturing,business operation and other resources 15%
Manufacturing enterprises with an operation period of over 10 years are, upon their profiting year,free of taxation for the first 2 years,and levied by half for the following 3 years (8years for hi-tech enterprises).Those enterprises with over 70%of their products exported will be levied by 10%from the 6th year(11th year for hitech enterprises) on.
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2. Business tax
Business tax is one of the taxation should be reported for every company, the Income derving from providing taxable services, transferring intangible assets, or selling realestate 3-10%.
3. Individual income tax
individual taxable income 5-45%
Individual monthly taxable income is the remaining sum of monthly income deducted 800 yuan
4. Value-added tax
Commodities imported from the free trade zone and sold in domestic market 17%
Product exports and transactions within the free trade zone are free of value-added faxes
5.Consumption tax
Taxable consumption commodities imported via the free trade zone 3-45%
6. Major expenditures in establishing a corporation
1. Agency fee for corporation establishment:about 10,000 HKD
(Collected by agency company,investors can freely decide whether to choose an agency.)
2. Commercial registration fee:
Paid-up capital no more than RMB 10 million
The exceeding sum over RMB 10 million
The exceeding sum over RMB 100 million:no charge
(Collected by the industrial and Commercial Administration)
3. Fee for capital verification:(Collected by certified accountants office)
7. Salaries, insurance and welfare for employees
Investors shall,after acquiring their business license, report their recruitment plan to Shenzhen Administrative Bureau of Free Trade Zones for archiving,then perform open recruitment according to the related procedures.
8.The salaries of the employees are determined by the enterprises on their own .
Salary for workers:800-1500RMB/month.
Salary for management personnel:2000-5000RMB/month.
Lowest salary for Shenzhen SEZ in year 20001:574 RMB/month.
Social insurance fees account for about 21%of the salary of an employee.
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ATAHK Group Limited is an expert in corporate formation, trademark registration and all the follow-up business-related activities. ATAHK was set up in Hong Kong in 1999. With 15 years' development, the group has established a sound service network worldwide for the small and medium-sized enterprises, all the services are business-orientated and solution-orientated.
For further queries about Shenzhen taxation system, please do not hesitate to contact ATAHK at anytime, anywhere by simply calling China hotline at 86-755-82148419, 86-755-82143512, or emailing to anitayao@citilinkia.com.