PathToChina.com

By www.PathToChina.com 

The China’s new enterprise income tax law got approved in the Fifth Session of the Tenth National People’s Congress, which was held on March 16, 2007. This law attracted widespread attention at home and abroad for the unified enterprise income tax rate of foreign enterprises and domestic enterprises.  

In the New Enterprise Income Tax Law, the unified enterprise income tax rate is 25%, while China’s current enterprise income tax rate for both foreign enterprises and domestic enterprises is 33%, but the foreign enterprises with production nature located in special economic zones and economic and technological development zones still enjoy the preferential tax rates of 15% or 24%. Since only the foreign enterprises, which were operating in special economic zone or in economic and technological development zone, could enjoy the preferential tax rates, the new tax rate of 25% would actually lighten the tax burden of foreign enterprises. On the contrary, it would create a more regulated and transparent investment environment in China. 

The new enterprise income tax law will be implemented in January 1, 2008. In the meantime, the old Income Tax Law of the People’s Republic of China for Enterprises with Foreign Investment and Foreign Enterprise which was promulgated on April 9, 1991 will be canceled.

Processing Authority: Shanghai Municipal Office of State Administration of Taxation, each sub-bureau of Shanghai Local Taxation Bureau, each office of State Administration of Taxation at the district/county level of Shanghai Municipality, and each sub-branch of Shanghai Local Taxation Bureau at the district/county level of Shanghai Municipality
Application Formalities: 

Processing Procedures: 
(I) Any and all of applications for tax registration upon starting businesses by the taxpayers with whole domestic investment or with foreign investment administrated by Shanghai Municipal Office of State Administration of Taxation or any of No.1 through No.8 Sub-branches of Shanghai Local Taxation Bureau or by the taxpayers with whole domestic investment administered by the office or sub-branch at the district/county level and incorporated by the taxpayers with whole domestic investment administrated by of any of the above 8 sub-branches of Shanghai Local Taxation Bureau in the manner of equity participation shall be accepted and disposed by the office of tax registration acceptance whereof directly. Any application for alteration by private enterprises or small industrial or commercial businesses administrated by No.5 Sub-branch of Shanghai Local Taxation Bureau shall be accepted and disposed by No.5 Sub-branch of Shanghai Local Taxation Bureau directly.. Any application for alteration by the taxpayers with foreign investment administrated by each office of State Administration of Taxation at the district/county level of Shanghai Municipality or each sub-branch of Shanghai Local Taxation Bureau at the district/county level of Shanghai Municipality shall be accepted and disposed by the office of tax registration whereof acceptance directly.

(more…)

外资企业优惠政策,外资税收优惠政策,外资软件和集成电路产业的优惠
（一）鼓励软件产业发展的税收优惠
1、自2000å¹´6月24日起至2010年底以前，对增值税一般纳税人销售其自行开发生产的软件产品，按１７％的法定税率征收增值税，对实际税负超过３％的部分即征即退，由企业用于研究开发软件产品和扩大再生产，不作为企业所得税应税收入，不予征收企业所得税。 (more…)