ey-global-tax-policy-outlook-for-2015
ey-global-tax-policy-outlook-for-2015
ey-global-tax-policy-outlook-for-2015
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China<br />
Tax <strong>policy</strong><br />
Becky Lai<br />
becky.lai@hk.<strong>ey</strong>.com<br />
+852 2629 3188<br />
1<br />
| Tax rates (2014–15)<br />
1.1 K<strong>ey</strong> <strong>tax</strong> rates<br />
Tax controversy<br />
Henry Chan<br />
henry.chan@cn.<strong>ey</strong>.com<br />
+86 10 5815 3397<br />
Top corporate<br />
income <strong>tax</strong> (CIT) rate<br />
(national and local<br />
average, if applicable)<br />
Top individual income<br />
<strong>tax</strong> rate (national<br />
and local average, if<br />
applicable)<br />
2014 <strong>2015</strong> Percentage<br />
change<br />
25% 1 25% 2 —<br />
45% 3 45% 4 —<br />
Statute value-added<br />
<strong>tax</strong> (VAT) rate<br />
6%, 11%,<br />
13% and 17%<br />
(depending on<br />
the industries<br />
and 0% <strong>for</strong><br />
certain eligible<br />
export goods) 5 6%, 11%,<br />
13% and 17%<br />
(depending on<br />
the industries<br />
and 0% <strong>for</strong><br />
certain eligible<br />
export goods 6 —<br />
Stay up to date with<br />
developments in China<br />
by accessing EY's <strong>global</strong><br />
<strong>tax</strong> alert library at<br />
www.<strong>ey</strong>.com/<strong>tax</strong>alerts.<br />
Content provision date<br />
25 November 2014<br />
EY k<strong>ey</strong> contacts<br />
1 <br />
2 Ibid.<br />
3 <br />
4 Ibid.<br />
5 The Interim Regulations of the People’s Republic of China on VAT (effective 1 January 1994) provides<br />
<br />
goods. The VAT re<strong>for</strong>m was rolled out gradually to nationwide on 1 August 2013. New rates of 11%<br />
<br />
(applicable <strong>tax</strong> rate of 11%) and postal industries (applicable <strong>tax</strong> rate of 11%) were included in the VAT<br />
<br />
included from 1 June 2014 with applicable rates of 11% and 6% <strong>for</strong> basic telecommunication services and<br />
<br />
6 <br />
58 | The <strong>outlook</strong> <strong>for</strong> <strong>global</strong> <strong>tax</strong> <strong>policy</strong> in <strong>2015</strong>
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