A snapshot on the major taxes in the PRC

There are 26 taxes in the People's Republic of China (PRC), which can be classified into 7 categories:

1) Turnover taxes (i.e. taxes on transactions), including Value-Added Tax (VAT), Excise Tax, Business Tax and Customs Duty.

2) Income taxes, including Enterprise Income Tax for domestic enterprises, Income Tax on Enterprises with Foreign Investment and Foreign Enterprises and Individual Income Tax.

3) Resource taxes, including Resource Tax and Urban and Township Land Use Tax.

4) Property taxes, including House Property Tax and Urban Real Estate Tax.

5) Taxes for special purposes, including City Maintenance and Construction Tax, Fixed Assets Investment Orientation Tax, Land Appreciation Tax and Vehicle Acquisition Tax.

6) Behavior taxes, including Vehicle and Vessel Usage Tax, Vehicle and Vessel Usage Plate Tax, Vessel Tonnage Tax, Stamp Duty, Deed Tax, Slaughter Tax and Banquet Tax.

7) Agricultural taxes, including Agriculture Tax, Agricultural Specialty Tax, Animal Husbandry Tax, and Farmland Occupation Tax.

For more information on the above tax rates and whether these taxes are applicable to you or your company, please visit the PRC State Administration of Taxation or contact your tax consultant.