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Relationship Between Small-scale Taxpayer and Small Low-profit Enterprise
The full name of "small-scale taxpayer" is "small-scale taxpayer of value-added tax", corresponding to "general taxpayer". It belongs to the category of value-added tax and has nothing to do with enterprise income tax, and the criterion of classification is whether the annual taxable sales meet relevant standard. According to the latest policy, the standard for small-scale VAT taxpayers is that the VAT taxable annual sales does not exceed 5 million yuan.
VAT Small-scale Taxpayer VS VAT General Taxpayer
VAT Small-scale Taxpayers:1) Company shall be ratified as VAT small-scale taxpayer when registration with no need for separate application; 2) The company’s annual taxable sales shall not exceed RMB5 million.
Chief Representative Taxation in China
According to the latest individual income tax law of the People's Republic of China, an individual who has a domicile in China or has no domicile but has lived in China for at least 183 days in a tax year is a resident individual. An individual who has no domicile or does not live in China, or who has no domicile but has lived in China for less than 183 days in a tax year, is a non-resident individual.
Introduction to foreign representative office taxes in China
If a foreign representative office has any taxable activities in China, the income attributable to the taxable services performed in China will be subject to Enterprise Income Tax (EIT) and Value Added Tax (VAT) and surcharges. EIT is imposed on the assessable profits based on the relevant expenditures. The current tax rate of EIT is 25%. In addition, VAT is levied at 6% on the taxable revenue for general taxpayers, and 3% for small-scale taxpayers.
Supplementary Medical Insurance for Serious Diseases for the year 2023-2024 in Shenzhen
Supplementary Medical Insurance for Serious Diseases for the year 2023-2024 in Shenzhen
Value-Added Tax in China for 2019 (2)
For the different taxable items of China's value-added tax (VAT) and different types of taxpayers, we classify the VAT rate into the following four categories and list the taxable items of the four categories and the corresponding tax rates respectively.VAT rate applicable to VAT general taxpayers for sales or import of goods, sales of taxable services.
Value-Added Tax in China for 2019 (1)
For the different taxable items of China's value-added tax (VAT) and different types of taxpayers, we classify the VAT rate into the following four categories and list the taxable items of the four categories and the corresponding tax rates respectively.VAT rate applicable to VAT general taxpayers for sales or import of goods, sales of taxable services.
Introduction to China's Value Added Tax ("VAT")
VAT is chargeable on the sale of goods, provision of processing and repair service, and the importation of goods within the People's Republic of China.Generally, output tax charged on the sales of goods may be set off against input tax incurred on the purchase of the goods or materials.
Guide to China VAT System - Calculation of VAT
Value Added Tax (VAT) is levied on all units and individuals engaged in the sale of goods, the provision of processing, repairs and replacement of services, sales of services, intangible assets, real estate and imported goods within the territory of the People’s Republic of China.
China Individual Income Tax Specific Additional Deduction Criteria
Remarks: Timeline for submission of deduction data and application of specific additional deduction by taxpayers. Taxpayers enjoying specific additional deduction other than deduction for critical illness medical expenses. Taxpayers not enjoying or not enjoying in full amount of specific additional deduction at tax withholding and prepayment step.