Tax Services China is a tax service company that can help you with tax filings, tax compliance and tax planning. Did you know that the average income in China is around $8,000 per year? This means that many people will be paying into their tax-free personal allowance. If they earn over this limit, then they will incur tax at 20% on any earnings above the threshold. The capital gains tax rate for individuals in China is 10%.
In tax services China, you can find out more about tax for expats so that you are prepared if and when your tax return is due. The tax year in China runs from January to December of the following year, rather than the traditional April to March tax year. If you have paid too little tax this could mean a penalty or interest charge from tax services China for any unpaid tax.
Tax services in China is a tax service provider to help businesses and individuals with tax compliance. We provide tax advisory, tax return preparation, tax research and taxation analysis for our clients. Our team of experts has the knowledge needed to effectively manage your business or personal affairs.
In tax services in China, we have a tax rate of 15%, which is the same for individuals and corporations. In addition to that tax rates vary depending on an industry or product type you are involved with. For businesses falling under manufacturing they will pay a tax rate of 25%. Whereas if your business falls within wholesale it has a tax rate of 20%. There are tax incentives available for businesses that fall under export industry.
Taxes vary depending on the location of where you do business also, if your doing business within Shanghai it can be as low as 15%, whereas if your in Beijing its tax rate is 25% there are other regions which have tax rates between these two cities and we can advise you on tax rates for your specific industry.
Tax services in China has a tax rate of 15% and we work with industries that fall under manufacturing, wholesale or export to provide tax benefits when it comes to taxes. We also have tax incentives available if your business falls within the Shanghai region where our tax rate is lower than other regions in China.