China Tax Filing Services
Hotline: 86-755-82147392 Email：info@citilinkia.com
Tax Reporting and Payment
Different taxes have different reporting periods and payment due dates. In general, Corporate Income Tax (CIT) is paid on a quarterly basis, and VAT and Business Tax are usually paid on a monthly basis, as is Individual Income Tax (IIT). Tax authorities will not send taxpayers tax returns. Instead, taxpayers should collect blank tax returns from tax offices, complete them and file them accordingly.
Approved methods of submission differ from place to place. Reporting via mail may be acceptable, or submission in person may be required. Some regions, such as Shanghai, have adopted electronic filing.
Late payment of taxes carries a fine of 0.05% of the tax owed per day it is overdue. Withholding agents who fail to observe these obligations will be subject to a maximum penalty of 500% of the tax involved. Under the tax regulations, the foreign-invested company may apply to the tax authorities for deferred tax filing and payment.
Tax Applicable to Foreign Invested Enterprises
Over the past 20 years, China has made significant progress and has gained more experience in its tax legislation. In particular, it has improved the tax laws relating to foreign-invested enterprises. While China continues to use preferential tax treatment as an important means to attract FDI, it has shifted its emphasis from the amount or quantity of foreign investment to the quality of foreign investment, believing that this will help promote the sustainable economic development of the country.
Major Taxes Applicable to Foreign-Invested Enterprises (FIEs)
Corporate Income Tax
Personal Income Tax
Value Added Tax
Customs Duties
Business Tax
Resources Tax
Land Appreciation Tax
Stamp Duty
Consumption Tax
Real Estate Tax
Vehicle Usage and License Tax
Corporate Income Tax (CIT)
Contact Us
For further queries, 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 info@citilinkia.com