by Ekrem Duman | Jun 22, 2026 | China Tax, Country Tax Guides
Accounting › Country Tax Guides › China Tax ⚡ TL;DRChina assigns each business a tax credit rating (classes A through D) based on its compliance behavior. A high rating brings benefits like simplified procedures and easier invoicing; a low rating brings...
by Ekrem Duman | Jun 22, 2026 | China Tax, Country Tax Guides
Accounting › Country Tax Guides › China Tax ⚡ TL;DRChina’s tax system is administered by the State Taxation Administration (STA) through the Golden Tax Phase IV system, which cross-references invoices, revenue declarations and bank records in real...
by Ekrem Duman | Jun 22, 2026 | China Tax, Country Tax Guides
Accounting › Country Tax Guides › China Tax ⚡ TL;DRChina’s two big annual settlements are the IIT reconciliation (for individuals, March 1-June 30) and the CIT annual settlement (for companies, by May 31). The IIT reconciliation, formalized by 2025...
by Ekrem Duman | Jun 22, 2026 | China Tax, Country Tax Guides
Accounting › Country Tax Guides › China Tax ⚡ TL;DRChina charges a late-payment surcharge of 0.05% per day on unpaid tax (about 18% per year), plus penalties from 0.5 to 5 times the under-paid amount for under-reporting, and fines of RMB 2,000-10,000 for...
by Ekrem Duman | Jun 22, 2026 | China Tax, Country Tax Guides
Accounting › Country Tax Guides › China Tax ⚡ TL;DRChina’s tax calendar centers on monthly or quarterly filings due by the 15th of the following month (extended for holidays), plus key annual deadlines: the statutory audit (around April 30), the...
by Ekrem Duman | Jun 22, 2026 | China Tax, Country Tax Guides
Accounting › Country Tax Guides › China Tax ⚡ TL;DRForeign employees in China face specific compliance: monthly IIT withholding by employers using the non-resident or resident method, annual reconciliation for residents (March 1-June 30), and careful...
