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The corporate income tax rate was reduced from 10 percent to 5 percent for small and micro-businesses. The tax rate is applied to the profit portion from 1 million RMB to 3 million RMB.

From 2019, the same bureau will be in charge of the collection of individual income tax and social insurance premiums.

The new policy will impact the tax cost of Home Entities and the structuring of international assignment arrangements.

The PRC State Administration issued the Notice on Strengthening the Management of Enterprise Income Tax Collection of Proceeds from Equity Transfers by Non-resident Enterprises, dated December 10, 2009 and circulated to the public on December 16, 2009 ("Circular 698").

On September 1, 2026, the Ministry of Finance and the State Taxation Administration jointly issued the Announcement on Individual Income Tax Policies Concerning Dividends and Profit Distributions Received by Foreign Individuals (Announcement [2026] No. 27 of the Ministry of Finance and the State Taxation Administration, hereinafter referred to as “Announcement No. 27”), introducing significant changes to the individual income tax treatment of dividends and profit distributions received by foreign individuals from foreign invested enterprises (“FIEs”). Announcement No. 27 took effect upon issuance.

Introduction of relevant announcement points & observations.

Foreign taxpayers should take note of the updated rules as they plan their tax obligations in China and abroad.

Unlike its invisible counterpart that made 18th century economist Adam Smith famous, the Chinese government's use of taxation is one of the most 'visible hands' controlling the Chinese domestic economy today.

前言：2019年7月17日，李克强主持召开国务院常务会议，确定支持平台经济健康发展的措施，壮大优结构促升级增就业的新动能，指出完善平台企Ç

The Organisation for Economic Co-Operation and Development's Base Erosion and Profit Shifting action plan is set to add yet more complexity to our already fast changing and politically fraught tax landscape.

The rapid economic development in China is a major factor to this round of fundamental reform of IIT Law, enabling the country to keep abreast with these developments.

On June 20, 2025, China issued State Council Order No. 810 (the Order), introducing new reporting obligations for online platform operators. These requirements mandate platform operators to submit...

There have recently been a number of reports of owners based in various countries outside China, who have voyage chartered or time chartered vessels to Chinese charterers, whereby Chinese charterers have put owners on notice that they intend to "withhold" amounts from hire or freight payments (ranging between 4.25%-15% of the payment) on the basis that the owners in question are allegedly liable for Business Tax, or Enterprise Income Tax in China, even though the owners are based overseas and ha

The Chinese government is offering a wide range of financial supporting measures against the recent outbreak of COVID-19 across the country.

The rapid economic development in China is a major factor to this round of fundamental reform of IIT Law, enabling the country to keep abreast with these developments.

If the tax bureau decides the IIT filing for tax-free items does not comply with the law, it is regarded as tax evasion.

This income tax overview shows the deductions and tax-free items, which allow foreign employees to minimize payable IIT.