General Guides
Operating within China’s accounting environment can be difficult. Our team of expert accountants simplifies this process, ensuring full compliance with local regulations while providing valuable insights to fuel your business growth.
We keep clients informed about changing regulations and provide proactive strategies for tax savings.
We handle all aspects of your tax filings, including VAT, corporate income tax, and individual income tax, providing peace of mind and allowing you to focus on growing your business.
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China Tax Filing Services
- Corporate Income Tax Calculation and Optimization
- Preparation and Submission of Tax Returns
- Communication and Negotiation with Tax Authorities
- Advisory Services and Legislative Updates
- Filing VAT Returns
- VAT Taxpayer Registrations with Chinese Authorities
- Advising on VAT Recoverability and Refunds in China
- Advising on Customs Tariffs and Taxation of Imports/Exports
- Applying for Export VAT Refunds
- Calculation of Chinese Individual Income Tax
Benefits of our China Tax Filing Services
- Local Expertise: For more than 13 years, we have supported our international clients with their tax filings across China. Our presence in all major regions allows us to maintain strong relationships with local tax authorities.
- Proactive Tax Planning: We provide proactive tax planning strategies to help you optimize your tax structure and minimize your overall tax burden.
- Communication: Your trilingual account manager will be your primary point of contact with our team and local authorities, ensuring clear communication and minimizing the risk of misunderstandings.
- Multidisciplinary Team: Consisting of lawyers and Certified Public Accountants (CPAs), this team ensures that legal and economic factors are carefully evaluated in areas where tax matters overlap with these factors.
China Corporate Income Tax (CIT)
China’s Corporate Income Tax (CIT) is a tax levied on the profits of both domestic and foreign companies operating within China. The standard CIT rate is 25%, but various incentives and preferential tax rates are available for certain industries and qualifying enterprises, such as high-tech companies.
China Value-Added Tax (VAT)
In China, businesses and individuals involved in the sale of goods, provision of services, or importation of goods are generally required to pay Value-Added Tax (VAT) on their revenue.
- Standard Rates: The standard VAT rate for most goods is 13%, while services are typically taxed at 6%.
- Small-Scale Taxpayers: Small-scale businesses with limited revenue may qualify for a 3% VAT rate.
- Reduced Rates: From 1 January 2023 to 31 December 2027, the VAT rate for small-scale VAT payers is reduced from 3% to 1%.
China Individual Income Tax (IIT)
China’s Individual Income Tax (IIT) is a progressive tax levied on the income of both residents and non-residents. Residents are generally taxed on their worldwide income, while non-residents are typically taxed only on income sourced within China. The IIT system includes various deductions and exemptions, and the tax rates range from 3% to 45% based on taxable income brackets.
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