China’s Individual Income Tax Law: TaxpayersIndividual income tax refers to a type of tax levied on various taxable income obtained by individuals (i.e., natural persons). The Individual Income Tax Law of the PRC, promulgated on September 10, 1980 and revised six times in 1993, 1999, and 2005, on June 29 and December 2…
China’s Corporate Income Tax Law: Taxation AdministrationIn addition to the Corporate Income Law, the collection and management of corporate income tax shall also be subject to the applicable provisions of the Law of the PRC on the Administration of Tax Collection.1. Tax payment periodCorporate income tax is calculate…
China’s Corporate Income Tax Law: Incentives and Exemptions(1) The State provides incentives for corporate income tax for industries and projects as the targets of major support and encouragement. The following income items are tax-free:① Treasury bond interest;② Dividends, bonuses, and other income items derived fro…
China’s Corporate Income Tax Law: CollectionThe balance of the total income of an enterprise in each tax year, after deducting non-taxable income, tax-free income, various deductions, and losses allowed in previous years, is its taxable income. The balance of the taxable income of an enterprise multiplied by the appli…
China’s Corporate Income Tax Law: Tax RateThe tax rate of corporate income tax is the statutory ratio used to calculate the amount of corporate income tax payable. According to the latest Corporate Income Tax Law of the PRC, enacted in 2008 (hereinafter referred to as the Corporate Income Tax Law), the general tax rat…
China’s Corporate Income Tax Law: Taxpayers In the PRC, the currently existing law governing corporate income tax is the Corporate Income Tax Law of the PRC (the “Law”) that came into effect on January 1, 2008, which is also the basis for government regulations in this respect.According to the Law, taxpayers of corpo…
Where a court of the PRC requests a court of a foreign country with which the PRC has established diplomatic relations to serve process on a person located within the territory of that foreign country, the following procedures and requirements shall be followed: 1. The process to be served shall be reviewed by the high …
Chinese courts and foreign courts often need to request each other to serve processes in international cases of civil and economic disputes. According to the Notice (Wai Fa [1986] No. 47) dated August 14, 1986, issued by the Supreme People's Court, the Ministry of Foreign Affairs, and the Ministry of Justice, proces…
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