a) Crude oil used for heating or repairing wells in the course of exploiting crude oil; b) Taxpayers suffering huge losses due to serious accidents or natural disasters in the course of exploiting or producing taxable products.
Tax payable = Quantity of taxable products × Applicable tax amount per unit
Level Tax base Tax Rate 1 Crude oil RMB 8-30 / ton 2 Natural gas RMB 2-15 / 1000 cubic metres 3 Coal RMB 0.3-5 / ton 4 Other non-metal ores RMB 0.5-20 / ton or per cubic metre 5 Ferrous metal ores RMB 2-30 / […]
RT is a tax levied on exploitation of mineral resources or production of salt in China
Within seven days after signing the real estate transfer agreement.
a)the appreciation amount on the sale of ordinary standard residential buildings does not exceed 20% of the sum of deductible items b)Donations or succession of real properties
Tax payable = Σ (Part of appreciation ×Applicable rate)
LVAT is calculated at four-level progressive rates as below. Level Tax base Tax Rate 1 The part of the appreciation amount not exceeding 50% of the sum of deductible items 30% 2 The part of the appreciation amount exceeding 50%, but not exceeding 100%, of the sum of deductible items 40% 3 […]
LVAT is levied on the gains realised on the transfer of land, buildings and associated structures.
The tax rates of DT vary depending on the status of the purchaser and the localities, ranging from 1.5% to 5%.
