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A rundown of the major taxes in China for foreign businesses here: http://www.hongdaservice.com/blog/a-quick-rundown-of-the-major-taxes-in-china-for-foreign-businesses
China is in the process of going through some major tax reforms in the hope of helping local companies and neighbouring countries save billions of dollars on taxes in 2016.
The continuation of tax reforms were emphasized by the statement released by the National Bureau of statistics at the end of January, going into some detail about China's plan to expand its value-added tax (VAT) reforms to let industries that enter the scheme this year pay 560 billion yuan ($85.1 billion) less in tax than they did in 2015.
In addition to this there is also the Belt and Road Initiative that is set to help neighbouring countries doing business with China such as Cambodia, India, Indonesia, Pakistan, Romania and Russia to benefit from tax agreements.
This is certainly great news for domestic companies in eligible industries and for the countries along the Belt and Road, but when it comes to foreign enterprises looking to move their operations to China, what are the relevant tax costs that their business may incur?
Read on to find out what the major taxes in China for foreign businesses are today, and how where you register your company may help you save below...