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In the People’s Republic of China (“the PRC”, hereinafter refer to as China), there are around fifteen types of taxes that foreign entities may need to pay, which includes Enterprise Income Tax (“EIT”), Individual Income Tax (“IIT”), Value Added Tax (“VAT”), Business Tax (“BT”), Consumption Tax, City Construction Tax, Custom Duty, Stamp Duty, Property Tax, Vehicle and Vessel Tax, City Land Usage Tax, Deed Tax, Land Value Added Tax, Resource Tax, Vehicle Purchase Tax. This paper aims to introduce the fundamental principles and guidelines of EIT liability in China. Additionally, the key elements of China’s VAT and BT systems are also introduced.