With only a few exceptions, all enterprises or organisations which have obtained income within China are subject to enterprise income tax (EIT). As in any other country, payment of taxes can be rather complicated if you want to do it right, i.e., comply with local laws and procedures while benefitting from tax credits, available exemptions or other incentives. For example, SMEs might be eligible for tax benefits, such as reduced rates for small or low-profit enterprises, or other incentives provided for high-tech enterprises or those that are established in western regions of China.
Join this webinar to learn more about the circumstances under which your income is taxable and at what rates, how to calculate it correctly, what procedures you need to comply with, whether you will be considered as resident or non-resident enterprise, and who will withhold tax for you in China. The presentation will provide you with an overview of the following topics:
- Resident and non-resident enterprise EIT
- Income subject to EIT, passive and active income
- Tax rates
- Representative offices and taxes
- Non-taxable income, tax-exempt income and deductions
- The “withholding tax”
- Filing obligations
About the speaker
Grace Yin is currently working as Senior Manager in the tax and business advisory services division of Ernst & Young (China) in Beijing, specialising in pre-investment consultation, feasibility studies, tax planning, foreign exchange consultation, restructuring and exit strategy. Before joining Ernst & Young, she worked at the Beijing offices of PwC as well as the PRC State Administration of Foreign Exchange (SAFE) and the Shanghai Pudong Development Bank. She has more than eight years of experience in tax and business advisory services, including issues of cross-border payments and remittance of foreign exchange. Grace holds a degree from both the North China University of Technology in Beijing and the University of New South Wales in Sydney.
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