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Paying Taxes in ChinaThe table below addresses the taxes and mandatory contributions that a medium-size company must pay or withhold in agiven year in China, as well as measures of administrative burden in paying taxes.Tax or mandatorycontributionPayments(number)Notes onPaymentsTime(hours)Statutory taxrateTaxbaseTotaltax rate(% profit)Notes onTTRValue added tax (VAT)1238417.0%value addednot includedProperty tax (land)2RMB 5 persquaremeterland area0.50Business tax15.0%capital gain0.51Levies for constructionand Maintenance ofRiver projects0paid jointly1.0%VAT andbusiness tax0.51Property tax11.2%80% buildingvalue0.94Stamp duty20.0%transactionvalue1.00Education Tax0paid jointly3.0%VAT1.50Urban maintenance tax0paid jointly7.0%VAT3.51Corporate income tax520033.0%taxableprofits19.44Social security/housingfund contributions1228844.0%grosssalaries46.01Totals 35 872 73.978
Notes:a) data not collectedb) VAT is not included in the total tax rate because it is a tax levied on consumersc) very small amountd) included in other taxese) Withheld taxf) electronic filling availableg) paid jointly with another taxName of taxes have been standardized. For instance income tax, profit tax, tax on company's income are all named corporateincome tax in this table.When there is more than one statutory tax rate, the one applicable to TaxpayerCo is <strong>report</strong>ed.The hours for VAT include all the VAT and sales taxes applicable.The hours for Social Security include all the hours for labor taxes and mandatory contributions in general.79
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China
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© 2007 The International Bank for
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IntroductionDoing Business 2008 is
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9. In China, a new property law put
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Summary of Indicators - ChinaStarti
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Starting a Business in China: Entry
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3. Steps to Starting a Business in
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The following table shows Starting
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1. Historical data: Dealing with Li
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13. Review of construction drawings
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The following table shows Dealing w
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1. Historical data: Employing Worke
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The following table shows Employing
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1. Historical data: Registering Pro
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4. Benchmarking Registering Propert
Page 32 and 33: Getting Credit in China: Legal Righ
Page 34 and 35: 3. Benchmarking Getting Credit Regu
Page 36 and 37: Protecting Investors in ChinaOffici
Page 38 and 39: 3. Benchmarking Protecting Investor
Page 40 and 41: Paying Taxes: Tax Payable and Compl
Page 42 and 43: 3. Benchmarking Paying Taxes Regula
Page 44 and 45: Trading Across Borders: Importing a
Page 46 and 47: 3. Benchmarking Trading Across Bord
Page 48 and 49: Enforcing Contracts: Court Efficien
Page 50 and 51: 3. Benchmarking Enforcing Contracts
Page 52 and 53: Closing Business in China: Bankrupt
Page 54 and 55: 3. Benchmarking Closing Business Re
Page 56 and 57: APPENDICESStarting a Business in Ch
Page 58 and 59: - Appointment documents and identif
Page 60 and 61: Cost to complete:Comment:no chargeA
Page 62 and 63: 14 *Receive review of building draw
Page 64 and 65: Procedure1Request and obtain approv
Page 66 and 67: Comment:Procedure6The Shanghai Hous
Page 68 and 69: Procedure14Receive review of buildi
Page 70 and 71: Comment:No time limits apply for in
Page 72 and 73: 建建建建建建建建建
Page 74 and 75: Employing Workers in ChinaEmploying
Page 76 and 77: Registering Property in ChinaThis t
Page 78 and 79: Procedure3(v) Photocopy of the iden
Page 80 and 81: Protecting Investors in ChinaThe ta
Page 84 and 85: Trading Across Borders in ChinaThes
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