Published on 2018-05-14
BT is imposed on the gross receipts of the taxpayer at applicable rates. BT payable = gross receipts × applicable tax rate
Published on 2018-05-14
No. Item Tax Rate 1 Transportation by land, water, air and pipeline, loading/unloading and removal 3% 2 Construction, installation, repairs, decoration and other construction projects 3% 3 Finance and insurance 5% 4 Post and telecommunications 3% 5 Cultural activities and sport 3% 6 Entertainment including music halls, ballrooms, […]
Published on 2018-05-14
Business tax (“BT”) is an important indirect tax imposed on services, and sales of intangible assets and real properties in China. BT is levied at rates ranging from 3% to 20% depending on the nature of the services.
