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China Income Tax Rate for 2017, 2016, 2015, 2014, 2013 (Peoples Republic of China)

China Individual Income tax Rate for employment 2015

 

Monthly Taxable Income (CNY)

 

Tax Rate

 

0 to 1,500

 

0%

 

1,500 to 4,500

 

10%

 

4,500 to 9,000

 

20%

 

9,000 to 35,000

 

25%

 

35,000 to 55,000

 

30%

 

55,000 to 80,000

 

35%

 

Over 80,000

 

45%

 

 

Monthly taxable income after deducting the monthly standard deduction (see the Deductions section for more information).
Where an individual's income tax liability is borne by the employer, the tax liability is calculated on a grossed-up basis (i.e. tax on tax).

China Income Tax Rates 2014 and Deductions

China Income Tax Rate for Individual Tax Payers

Lowest Individual Tax Rate is 3% and Highest Rate is 45%

 

Monthly Taxable Income (RMB)

 

Tax Rate

 

0 to 1,500

 

0%

 

1,500 to 4,500

 

10%

 

4,500 to 9,000

 

20%

 

9,000 to 35,000

 

25%

 

35,000 to 55,000

 

30%

 

55,000 to 80,000

 

35%

 

Over 80,000

 

45%

 

 

 

The table relates to income from a salary. Income from other business is taxable at 5% - 35%.

Passive income such as interest and royalties is taxable at a standard rate of 20%.

Corporate Tax Rates in China

Corporate Income tax rate for domestic and foreign companies is 25%.

In certain cases small companies pay 20% corporate tax

Tax rate for Hi-tech companies is 15% corporate tax.
 

Capital Gains Tax in China

An individual's capital gains are taxable in China at the rate of 20%.

Capital gains tax for a Chinese company is added to the regular tax.

A 10% deduction at source is made from the capital gains of a foreign company in China.

On taxing capital gains from the sale of real estate, when calculating the capital gain the purchase cost is deducted from the sale price at the 20% rate.

Tax Deductions at Source in China

Employers are obligated to deduct tax at source on a monthly basis from a salaried employee and to make additional contributions to social security.

Social security in China consists of 3 parts, basic pension, personal accounts and additional payment.

The rates for social security vary in different cities.

Rates in the major cities are employer - around 30%, employee around 11%.


Other Tax deductions in China

The following payments to non-residents are subject to a deduction of tax at source:
Dividend - 10%.
Interest - 10%, (plus 5% business tax)
Royalties -10%
Capital gains -10%

Comments
Deductions at source for payments to foreign residents is subject to the Double Taxation Prevention Treaty.

China Dates of filing Returns / Reporting and Payment

The tax year in China ends on December 31. It is compulsory to file a report and pay advances monthly or quarterly (monthly for individuals).

The date for submitting an annual report and arranging payments is up until May 31. There are fines on arrears. Foreign companies in China are obligated to submit an interim report every three months (advance payments should be paid within 15 days of the end of the quarter).

In most cases when the annual income is less than CNY 120,000 an individual whose entire income in China is from a salary or whose income is subject to a deduction of tax at source is exempt from submitting an annual report.

An employer is obligated to submit a monthly report on his employees' wages and to pay the tax deducted within 7 days of the end of the previous month.

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