Tax resident enterprises (TREs) are subject to corporate income tax (CIT) on their worldwide income. A non-TRE that has no establishment or place in China is taxed only on its China-source income. A non-TRE with an establishment or place in China shall pay CIT on income derived by such establishment or place from sources in China as well as income derived from outside China that effectively is connected with such establishment or place.
Under the CIT law, the standard tax rate is 25%.
A lower CIT rate is available for the following sectors/industries:
There is no local or provincial income tax in China.
Last Reviewed - 30 December 2019