by Ekrem Duman | Jun 21, 2026 | China Tax, Country Tax Guides
Accounting › Country Tax Guides › China Tax ⚡ TL;DRChina’s new VAT Law took effect on January 1, 2026, elevating VAT from administrative regulations to national legislation. It maintains the 13%/9%/6% rates, unifies the simplified levy at 3%,...
by Ekrem Duman | Jun 21, 2026 | China Tax, Country Tax Guides
Accounting › Country Tax Guides › China Tax ⚡ TL;DRChina divides VAT payers into general taxpayers and small-scale taxpayers at an annual sales threshold of RMB 5 million. General taxpayers charge the standard 13%/9%/6% rates and can credit input VAT....
by Ekrem Duman | Jun 21, 2026 | China Tax, Country Tax Guides
Accounting › Country Tax Guides › China Tax ⚡ TL;DRChina’s Value-Added Tax (VAT) is the main indirect tax, charged across the supply chain on goods, services, intangibles and real estate. General taxpayers face three rates: 13% (most goods), 9%...
by Ekrem Duman | Jun 21, 2026 | China Tax, Country Tax Guides
Accounting › Country Tax Guides › China Tax ⚡ TL;DRChina CIT taxable income is gross income minus deductible costs, expenses and carried-forward losses. Deductions are generally only accepted when supported by fapiao — official Chinese tax invoices....
by Ekrem Duman | Jun 21, 2026 | China Tax, Country Tax Guides
Accounting › Country Tax Guides › China Tax ⚡ TL;DRChina levies withholding tax on China-source passive income paid to non-resident enterprises. Dividends, interest and royalties are generally subject to a 10% withholding tax, reduced to 5% or lower...
by Ekrem Duman | Jun 21, 2026 | China Tax, Country Tax Guides
Accounting › Country Tax Guides › China Tax ⚡ TL;DRForeign investors in China typically operate through a Wholly Foreign-Owned Enterprise (WFOE), a Joint Venture (JV), or a Representative Office. A WFOE is a resident enterprise paying 25% CIT (less any...
