China taxes

posted by   liq330 (2)   5 months ago (chinapedia.chinaassistor.com)

January 2008 From 1.1.2008 China's new corporate tax rate is 25%. The new corporate China tax rate applies to both domestic and foreign companies. The new China tax rate replaces the previous tax rate of 33%. Foreign companies which set up activities before 2008 can enjoy, for a limited period, the previous 15% tax rate or tax holiday.