SD is an activity tax imposed on contracts or certificates.
Time limits on payment of CT could be one day, three days, five days, ten days, fifteen days or one month subject to determination of competent local tax authority. In case that CT cannot be assessed in fixed time limits, it can be assessed on a transaction-by-transaction basis. Taxpayers that adopt one month as their […]
CT is calculated by multiplying the sales value of the taxable items with applicable rate, or by multiplying the total sales volume by the applicable fixed amount of each taxable unit. Sales value should comprise the total cost and additional charges and fees received for the sales of the taxable consumer goods exclusive VAT.
No. Item Tax Rate 1 Tobacco 1. Cigarettes (1) Category A Cigarettes (2) Category B Cigarettes 2. Cigars 3. Cut tobacco 45%+ RMB 0.003 /per one 30%+ RMB 0.003 /per one 25% 30% 2 Alcoholic drinks and alcohol 1. white spirits 2. yellow spirits 3. beer (1) Category A […]
CT is a turnover tax levied on manufacturers and importers of specific luxury goods. The objectives of levying consumption tax consist of three aspects: a)Increase the fiscal revenue without significant negative effect on overall market demands as the demands for goods subject to CT are relatively inelastic b)Reallocate social wealth since it is imposed on […]
There would be no BT if with your investment you can participate in the profit distribution as an investor and at the same time share the investment risks.
a) Service fees charged by HC to your subsidiaries should be on an arm-length basis. Otherwise, tax authorities will have the right to adjust the price. b) Contracts should be entered to detail the service scope and fees. All fees charge by your HC should be subject to BT. c) If HC signs contracts with […]
Yes. The leasee shall take the responsibility to withhold BT for you.
