Guangzhou corporation:
email: gbd33@163.com
The hotline (16) :
+86 20 61133120
020 6113 3120
020 3829 5993 (fax)
Comprehensive business department:
Telephone:
Susan: 13688873611 (guangzhou)
Peter: 18823089448 (jiangmen)
Anne: 13923362011 (zhuhai)
What is the rate of foreign enterprise income tax according to the law?
Foreign enterprise income tax are appliying the a certain tax rate. Enterprise income tax rate is 30%; the local income tax, at 3%; both totals to 33%. Tax rates around the same level and developing countries in General but slightly lower than in developed countries.
For foreign enterprises without an establishment in our country , but made the profit,interest,rents,royalties and other income from the territory of China , or, having establishments or places , but these findings and their institutions and places have no practical contact,the tax rate is 20% ( the actual beneficiaries is the taxpayer, to pay the withholding agent ) .
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How to calculate the amount of taxable income of commercial enterprises?
Foreign investment enterprise in the Chinese territory which belonged to commercial enterprise should be taxed according to the following calculation formula:
(1) Income tax = retail sales profit + other business profit + business outside income-business outside expenditures
(2) retail sales profit = retail sales net amount-retail sales cost-retail sales taxes-(retail sales costs + management costs + financial costs)
(3) retail sales net amount = retail sales total-(retail sales returned + retail sales fold let)
(4) retail sales cost = Beginning merchandise inventory +[current period purchase-(purchase return + purchase discount) + costs of acquisition]-ending merchandise inventory
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How to caculate the amount tax for the service sector companies?
Foreign investment enterprise set up in the Chinese territory which belonged to service enterprise should be taxed according to the following calculation formula:
(1) proceeds amount = business income net amount + business outside income-business outside expenditures
(2) business income net amount = business income total-(business income taxes + business expenditures + management costs + financial costs)
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How to calculate the amount of taxable income of foreign oil companies?
The income tax for the foreign oil company is the balance which has already deducted the cost,expenditure.Here the” total income” includes the recovery fees from the cooperation production,exploration and development investment income and other income,interest and production-sharing;”cost and fee” include reasonable cost of geophysical prospecting,exploration expenses,development expenses, interest and production costs and other expenses.
Which income of the representative offices of foreign enterprises should be taxed?
If foreign enterprise permanent representative institutions has following income, should pay income tax:
(1) permanent representative institutions for its total institutions handling other enterprise delegate of agent business, in engaged of contacting, and introduction,its commissions, and rebate, and procedures fee should be taxed;
(2) permanent representative institutions for its customer (including its total institutions customer) which responsible for researching market situation, and contact Affairs, and collection offers information, and advisory service, its customer periodical fixed paid should be taxed;
(3) Permanent Representative for other enterprises engaged in agency business, which is responsible for trade exchanges for other enterprises engaged in contact negotiation, middleman services, its commissions, rebates,and fees should be taxed.
Such agent or middleman services charge for items such as commissions, rebates, fee income, in addition to providing accurate costs, expense vouchers, correct calculation of tax amount, the foreign enterprises should follow the detailed rules on tax law provisions, verificate its profit margin, and pay the 10% amount income tax as business tax.
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