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Land Value-Added Tax
Resource Tax
Individual Income Tax
Tariffs
The machinery, spare parts and other raw materials imported by foreign investors
of foreign investment enterprises as the capital investment according to the co
ntracts, as the funds of total investment, as increasing capital and not being e
nsured to produce and supply in China, are exempted from tariffs and value added
tax on the importing procedure.
Personal stationery of reasonable quantity imported within an investment quota b
y investment enterprises of Four Compatriots from Hong Kong, Macao, Taiwan and o
ther foreign countries are got free licences, exempted from import tariffs and v
alue added tax.
Export products of foreign investment enterprises are exempted from the tariffs
and value added tax except export products limited or stipulated by the State.
Cinese-built personal cars (SANTANA, AUDI and PEUJEOT) purchased by manufacturin
g foreign investment enterprises are exempted from the tariffs by approved docum
ents.
Foreign investment enterprises shall adopt the ways of paying taxes and making l
oans in turn of releasing partial goods and mortgaging taxes in order to promote
import materials to be put into production in time after being approved by the
Customs if they have difficulties to pay taxes on import production materials.
Foreign investment enterprises shall apply to the General Administration of Cust
oms for exemption and reduction as a special case if they have difficulties to p
ay taxes on imported machinery for energy, transportation, communication and oth
er basic facilities.
A land value-added tax shall be paid for transfering a real estate and getting p
rofits within China. There are four super grades graduated rates: 30%, 40%, 50%
and 60%. The real estate which is built for sale as an ordinary standard by a ta
xpayer and a value-added value is less than 20% deducting a project's value is e
xempted from the tax. The real estate which is taken over for use and recalled b
y the law in need of the State construction is exempted from the tax.
A resource tax shall be paid for exploiting the following mineral products or sa
lt. The catalogue and value of the tax as follows; RMBŁ¤0.3-5/T of coal, RMBŁ¤0.
5-20/T(M\+3) of other raw non-metallic mineral, RMBŁ¤2-30/T of raw ferrous metallic mineral, RMBŁ¤0.3-30/T of raw non-ferrous metallic mineral, RMBŁ¤10-60/T of
solid salt, RMBŁ¤2-10/T of liquid salt.
An individual, with or without a residence, who has resided in China for more th
an one year shall pay individual income tax on the income earned within or outsi
de china at a rate of 5% to 45%. An individual, without a residence in China, wh
o hasn't resided in China or has resided in China for less than one year shall p
ay individual income tax on the income earned within Chinal at a rate of 5% to 4
5%.
The machinery, vehicles for production, raw materials, fuels, bulk parts, spare
parts, components, accesories, auxiliary materials and packaging materials impor
ted by foreign investment enterprises to fulfil the contracts of export commodit
ies including those restricted by the state are exempted from tariffs and value
added tax according to import materials consumed actually on the procedure of ma
nufacturing import products. If those belong to free tariffs, import licenses sh
all not be applied for. The customs shall inspect and release those by enterpris
es, contracts or import and export contracts.