China Taxation Service
Hotline: 86-755-82143348 Email: amyhuang@citilinkia.com
In order to run the business in a most cost efficient way, it’s necessary for investors and businessman to get a better understanding of the so-called Shanghai taxes. In addition, different types of investment activities will trigger different types of taxes.
Tax Identification Business-Income Taxes
This includes Enterprise Income Tax (effective prior to 2008, applicable to such domestic enterprises as state-owned enterprises, collectively owned enterprises, private enterprises, joint operation enterprises and joint equity enterprises)and Individual Income Tax. These taxes are levied on the basis of the profits gained by producers or dealers, or the income earned by individuals. Please note that the new Enterprise Income Tax Law of the People's Republic of China has replaced the aboves two enterprises taxes as from 1 January 2008.
Tax Identification Business-Resource Taxes
This consists of Resource Tax and Urban and Township Land Use Tax. These taxes are applicable to the exploiters engaged in natural resource exploitation or to the users of urban and township land. These taxes reflect the chargeable use of state-owned natural resources, and aim to adjust the different profits derived by taxpayers who have access to different availability of natural resources.
Tax Identification Business-Taxes for Special Purposes
These taxes are City Maintenance and Construction Tax, Farmland Occupation Tax, Fixed Asset Investment Orientation Regulation Tax, Land Appreciation Tax, and Vehicle Acquisition Tax. These taxes are levied on specific items for special regulative purposes.
Tax Identification Business-Turnover Taxes
Turnover taxes in Shanghai include three kinds of taxes, namely, Value-Added Tax, Consumption Tax and Business Tax. The levy of these taxes is normally based on the volume of turnover or sales of the taxpayers in the manufacturing, circulation or service sectors.
Tax Identification Business-Property Taxes
This encompasses House Property Tax, Urban Real Estate Tax, and Inheritance Tax (not yet levied).
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Tax Identification Business Contact Us
For further queries, please do not hesitate to contact ATAHK at anytime, anywhere by simply calling China hotline at 86-755-82143422, 86-755-82143512, or emailing to anitayao@citilinkia.com.