People's Republic of China
Corporate Services in Chinese Mainland-
Rapidly Growing Major Economies
China's economy is ranked second globally, and is expected to become the largest economy in the world by 2030. The commercial sector in China is increasingly prominent, with 129 companies listed in the Fortune Global 500, surpassing the United States. With the growth of China's middle class, China has become a critical export market.
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Expanding Consumer Base
China’s rapid modernization has created massive market demand across sectors including automobiles, luxury goods, consumer electronics, and e-commerce. A large and growing urban middle class drives consumption, making China one of the world’s most important consumer markets for both domestic and foreign businesses.
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Spirit of Innovation
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Improved Business Environment
China has implemented significant reforms to improve its business environment, including streamlining business registration procedures, simplifying access to utilities, and reducing import and export processing times. The government continues to pursue regulatory improvements to attract foreign investment and support private enterprise growth.
Tax Info
Enter Dynamic Page- General CIT Rate
- 25%
- CIT Return Due Date
- For annual CIT declaration, it should be submitted within five months after the end of the tax year. For monthly or quarterly temporary CIT declaration, it should be submitted within 15 days after the end of each month/quarter.
- CIT Payment Due Date
- Within five months after the end of the tax year.
- CIT Estimated Payment Due Date
- Quarterly or monthly installment payments should be made within 15 days after the end of each month/quarter.
- Resident Withholding Tax (Dividend/Interest/Royalty)
- N/A
- Non-Resident Withholding Tax (Dividend/Interest/Royalty)
- 10/10/10
- General VAT Rate
- 13%
- General Capital Gain Tax Rate
- Capital gains are subject to the normal corporate income tax rate.
- Composite Effective Average Tax Rate
- 23.00
- Composite Effective Marginal Tax Rate
- 15.59
Administrative Regions
- AH - Anhui
- BJ - Beijing
- CQ - Chongqing
- FJ - Fujian
- GD - Guangdong
- GS - Gansu
- GX - Guangxi Zhuang Autonomous Region
- GZ - Guizhou
- HA - Henan
- HB - Hubei
- HE - Hebei
- HI - Hainan
- HL - Heilongjiang
- HN - Hunan
- JL - Jilin
- JS - Jiangsu
- JX - Jiangxi
- LN - Liaoning
- NM - Inner Mongolia
- NX - Ningxia Hui Autonomous Region
- QH - Qinghai
- SC - Sichuan
- SD - Shandong
- SH - Shanghai
- SN - Shaanxi
- SX - Shanxi
- TJ - Tianjin
- TW-KEE - Keelung
- XJ - Xinjiang
- XZ - Tibet Autonomous Region
- YN - Yunnan
- ZJ - Zhejiang
Belonging Jurisdiction
-
CN - Chinese Mainland
People's Republic of ChinaLearn MorePeople's Republic of China -
GCA - Greater China Area
Greater China AreaLearn MoreGreater China Area -
WORLD - Global
EarthLearn MoreEarth
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