The Individual Income Tax in China (commonly abbreviated IIT) is administered on a progressive tax system with tax rates from 3 percent to 45 percent. As of 2019, China taxes individuals who reside in the country for more than 183 days on worldwide earned income.

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Jan 3, 2025 · Residents are generally subject to China individual income tax (IIT) on their worldwide income. Non-residents are generally taxed in China on their China-source income only (see the Residence section for more information). An individual is taxed in China on one's income by category. China's IIT law groups personal income into 9 categories.

Tax is a key component of macro-economic policy, and greatly affects China's economic and social development. With the changes made since the 1994 tax reform, China has sought to set up a streamlined tax system geared to a socialist market economy. Most taxes are based on regulations established by the State Council.

Jan 30, 2025 · Whether you are required to pay tax on income from outside China depends on whether you are considered to be resident or non-resident. Non-residents have to pay tax on income earned in China, but not on their global income.

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Nov 19, 2021 · Individual Income Tax (IIT): IIT rates are progressive, ranging from 3% to 45%, and apply to residents and non-residents on income sourced from China. Value-Added Tax (VAT): VAT applies to the sale of goods and the provision of certain services within China.

We provide below a brief introduction of the PRC taxation system. The major taxes applicable to foreigners, foreign investment enterprises ("FIEs") and foreign enterprises ("FEs") doing …

Feb 2, 2024 · Resident individuals shall pay individual income tax (IIT) on income derived from within and outside China in accordance with the provisions of the Individual Income Tax Law of the People's Republic of China.

China's current tax framework was put in place after the tax reform in 1994 to meet the needs of the socialist market economy. Since the beginning of 21st century, the Chinese government has made a series of adjustments and improvements to the tax system, which has guaranteed the government's revenue and contributed to the country's rapid ...