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This carry-forward period is extended to 10 years for high-tech enterprises, small and medium-sized tech enterprises, and qualified integrated circuit production enterprises.",[],{"_key":1491,"_type":170,"children":1492,"markDefs":1497,"style":190},"k155",[1493],{"_key":1494,"_type":174,"marks":1495,"text":1496},"k154",[],"Expenses that don't qualify for tax deduction are:",[],{"_key":1499,"_type":170,"children":1500,"level":1319,"listItem":1320,"markDefs":1505,"style":190},"k159",[1501],{"_key":1502,"_type":174,"marks":1503,"text":1504},"k158",[],"Enterprise income tax payments",[],{"_key":1507,"_type":170,"children":1508,"level":1319,"listItem":1320,"markDefs":1513,"style":190},"k163",[1509],{"_key":1510,"_type":174,"marks":1511,"text":1512},"k162",[],"Fines, penalties, and overdue tax surcharges",[],{"_key":1515,"_type":170,"children":1516,"level":1319,"listItem":1320,"markDefs":1521,"style":190},"k167",[1517],{"_key":1518,"_type":174,"marks":1519,"text":1520},"k166",[],"Dividends and profit distribution",[],{"_key":1523,"_type":170,"children":1524,"level":1319,"listItem":1320,"markDefs":1529,"style":190},"k171",[1525],{"_key":1526,"_type":174,"marks":1527,"text":1528},"k170",[],"Unverified expenses",[],{"_key":1531,"_type":170,"children":1532,"level":1319,"listItem":1320,"markDefs":1537,"style":190},"k175",[1533],{"_key":1534,"_type":174,"marks":1535,"text":1536},"k174",[],"Sponsorship charges",[],{"_key":1539,"_type":170,"children":1540,"level":1319,"listItem":1320,"markDefs":1545,"style":190},"k179",[1541],{"_key":1542,"_type":174,"marks":1543,"text":1544},"k178",[],"Any other type of donation",[],{"_key":1547,"_type":170,"children":1548,"level":1319,"listItem":1320,"markDefs":1553,"style":190},"k183",[1549],{"_key":1550,"_type":174,"marks":1551,"text":1552},"k182",[],"Expenses not related to income generation.",[],{"_key":1555,"_type":170,"children":1556,"markDefs":1561,"style":1189},"k187",[1557],{"_key":1558,"_type":174,"marks":1559,"text":1560},"k186",[1186],"Tax incentives and tax exemptions",[],{"_key":1563,"_type":170,"children":1564,"markDefs":1582,"style":190},"k199",[1565,1569,1573,1578],{"_key":1566,"_type":174,"marks":1567,"text":1568},"k195",[],"China's industry-oriented tax incentives aimed at attracting foreign investment income have proved a success, with",{"_key":1570,"_type":174,"marks":1571,"text":1201},"k196",[1572],"k189",{"_key":1574,"_type":174,"marks":1575,"text":1577},"k197",[1576],"k191","59,000 new foreign-funded enterprises set up in 2024",{"_key":1579,"_type":174,"marks":1580,"text":1581},"k198",[],", up 9.9% from 2023.",[1583,1585],{"_key":1572,"_type":188,"externalUrl":1584,"linkType":145},"https:\u002F\u002Fen.people.cn\u002Fn3\u002F2025\u002F0221\u002Fc90000-20279876.html",{"_key":1576,"_type":188,"externalUrl":1584,"linkType":145},{"_key":1587,"_type":170,"children":1588,"markDefs":1593,"style":190},"k203",[1589],{"_key":1590,"_type":174,"marks":1591,"text":1592},"k202",[],"As previously mentioned, enterprises engaged in high-tech, software, and integrated circuit production sectors and working in designated trade zones are eligible for reduced corporate income tax rates and tax exemptions.",[],{"_key":1595,"_type":170,"children":1596,"markDefs":1601,"style":190},"k207",[1597],{"_key":1598,"_type":174,"marks":1599,"text":1600},"k206",[],"In addition, foreign enterprises involved in agriculture, forestry, animal husbandry, and fishery can have their corporate income tax halved or exempted altogether.",[],{"_key":1603,"_type":170,"children":1604,"markDefs":1609,"style":190},"k211",[1605],{"_key":1606,"_type":174,"marks":1607,"text":1608},"k210",[],"Involvement in environmental protection and water and energy conservation projects can get companies a 3 + 3 tax holiday—three years of tax exemption followed by three years of corporate income tax reduced by 50%.",[],{"_key":1611,"_type":170,"children":1612,"markDefs":1617,"style":190},"k215",[1613],{"_key":1614,"_type":174,"marks":1615,"text":1616},"k214",[],"Newly established qualified enterprises in the impoverished areas of Xinjiang can also claim a 2 + 3 tax holiday till December 31, 2030.",[],{"_key":1619,"_type":170,"children":1620,"markDefs":1625,"style":190},"k219",[1621],{"_key":1622,"_type":174,"marks":1623,"text":1624},"k218",[],"Also mentioned earlier, eligible small businesses receive a reduced corporate tax rate of just 5%.",[],{"_key":1627,"_type":170,"children":1628,"markDefs":1633,"style":1189},"k223",[1629],{"_key":1630,"_type":174,"marks":1631,"text":1632},"k222",[1186],"When to file tax returns",[],{"_key":1635,"_type":170,"children":1636,"markDefs":1641,"style":190},"k227",[1637],{"_key":1638,"_type":174,"marks":1639,"text":1640},"k226",[],"China has a single, standard deadline for filing annual corporate income tax returns. Companies must file their final enterprise income tax return within five months after the end of the tax year, which means by 31 May of the following year, as the tax year runs from 1 January to 31 December.",[],{"_key":1643,"_type":170,"children":1644,"markDefs":1649,"style":190},"k231",[1645],{"_key":1646,"_type":174,"marks":1647,"text":1648},"k230",[],"In addition to the annual filing, businesses are required to make provisional corporate income tax payments on a monthly or quarterly basis, which must be settled within 15 days after the end of each relevant period.",[],{"_key":1651,"_type":170,"children":1652,"markDefs":1657,"style":190},"k235",[1653],{"_key":1654,"_type":174,"marks":1655,"text":1656},"k234",[],"Taxes are to be paid in RMB through designated banks or the State Taxation Administration's e-payment system.",[],{"_key":1659,"_type":170,"children":1660,"markDefs":1665,"style":1189},"k239",[1661],{"_key":1662,"_type":174,"marks":1663,"text":1664},"k238",[1186],"Reducing tax burden with double taxation agreements",[],{"_key":1667,"_type":170,"children":1668,"markDefs":1673,"style":190},"k243",[1669],{"_key":1670,"_type":174,"marks":1671,"text":1672},"k242",[],"Non-resident enterprises seeking to reduce their tax burden in China can check to see if their countries have double taxation agreements with China. China has signed tax treaties with over 100 countries. Under these agreements, foreign investors avoid paying tax on the same income in two countries and enjoy preferential tax rates in China.",[],{"_key":1675,"_type":170,"children":1676,"markDefs":1686,"style":190},"k250",[1677,1682],{"_key":1678,"_type":174,"marks":1679,"text":1681},"k248",[1680],"k244","Singapore has a comprehensive DTA with China",{"_key":1683,"_type":174,"marks":1684,"text":1685},"k249",[],", signed in 2007 and modified in 2022. Under its provisions, Singapore companies with China-sourced income receive a tax credit for the tax they pay in China, and vice versa. The bilateral agreement also reduces withholding tax rates (the standard rate being 10%) on certain income paid by tax resident enterprises of Singapore to tax resident enterprises of China, and vice versa. The reduced withholding tax rates are 5% for dividend income, 6% for income from royalties, and 7% for interest income under applicable conditions.",[1687],{"_key":1680,"_type":188,"externalUrl":1688,"linkType":145},"https:\u002F\u002Fwww.iras.gov.sg\u002Fmedia\u002Fdocs\u002Fdefault-source\u002Fdtas\u002Fsingapore-china-dta-(ratified)(mli)(1-sep-2022).pdf?sfvrsn=182d2d36_6",{"_key":1690,"_type":170,"children":1691,"markDefs":1696,"style":1189},"k254",[1692],{"_key":1693,"_type":174,"marks":1694,"text":1695},"k253",[1186],"Tax treatment of dividends",[],{"_key":1698,"_type":170,"children":1699,"markDefs":1704,"style":190},"k258",[1700],{"_key":1701,"_type":174,"marks":1702,"text":1703},"k257",[],"Dividends paid by Chinese tax-resident enterprises to non-resident shareholders are generally subject to a 10% withholding tax, unless a reduced rate applies under an applicable double taxation agreement.",[],{"_key":1706,"_type":170,"children":1707,"markDefs":1712,"style":1303},"k262",[1708],{"_key":1709,"_type":174,"marks":1710,"text":1711},"k261",[1186],"Investment deferral on dividends",[],{"_key":1714,"_type":170,"children":1715,"markDefs":1720,"style":190},"k266",[1716],{"_key":1717,"_type":174,"marks":1718,"text":1719},"k265",[],"Non-resident shareholders who receive dividends from a Chinese tax resident enterprise and invest the amount in China are allowed to defer paying withholding tax if the dividends are reinvested directly into China rather than remitted offshore. Under this policy, dividends distributed by a Chinese tax-resident enterprise to a foreign investor aren't subject to immediate withholding tax, provided the reinvestment meets prescribed conditions.",[],{"_key":1722,"_type":170,"children":1723,"markDefs":1728,"style":190},"k270",[1724],{"_key":1725,"_type":174,"marks":1726,"text":1727},"k269",[],"To qualify, the dividend income must be reinvested into encouraged or permitted projects in China, such as capital injections, equity acquisitions, or the establishment of new enterprises. The reinvestment must be made using the dividend proceeds, and relevant filing and reporting requirements with the tax authorities must be satisfied.",[],{"_key":1730,"_type":170,"children":1731,"markDefs":1749,"style":190},"k282",[1732,1736,1740,1745],{"_key":1733,"_type":174,"marks":1734,"text":1735},"k278",[],"If the reinvested funds are later withdrawn or the investment no longer meets the qualifying conditions, the deferred withholding tax becomes payable, along with any applicable surcharges. This incentive is designed to encourage long-term foreign investment and improve",{"_key":1737,"_type":174,"marks":1738,"text":1201},"k279",[1739],"k272",{"_key":1741,"_type":174,"marks":1742,"text":1744},"k280",[1743],"k274","cash flow",{"_key":1746,"_type":174,"marks":1747,"text":1748},"k281",[]," efficiency for overseas investors expanding their presence in China.",[1750,1752],{"_key":1739,"_type":188,"externalUrl":1751,"linkType":145},"https:\u002F\u002Faspireapp.com\u002Fblog\u002Fa-guide-to-understanding-your-cash-flow",{"_key":1743,"_type":188,"externalUrl":1751,"linkType":145},{"_key":1754,"_type":170,"children":1755,"markDefs":1760,"style":1303},"k286",[1756],{"_key":1757,"_type":174,"marks":1758,"text":1759},"k285",[1186],"Reinvested profits tax credit (2025–2028)",[],{"_key":1762,"_type":170,"children":1763,"markDefs":1768,"style":190},"k290",[1764],{"_key":1765,"_type":174,"marks":1766,"text":1767},"k289",[],"From 1 January 2025 to 31 December 2028, China has significantly enhanced its reinvestment incentive for foreign investors by introducing a 10% tax credit on qualifying reinvested profits.",[],{"_key":1770,"_type":170,"children":1771,"markDefs":1783,"style":190},"k298",[1772,1776,1780],{"_key":1773,"_type":174,"marks":1774,"text":1775},"k295",[],"Under this policy, foreign investors who reinvest profits earned in China into Encouraged Industries—such as advanced manufacturing, high technology, green energy, and modern services—are eligible to receive a tax credit equal to 10% of the reinvested amount. This incentive applies ",{"_key":1777,"_type":174,"marks":1778,"text":1779},"k296",[1186],"in addition to the existing withholding tax deferral on reinvested dividends",{"_key":1781,"_type":174,"marks":1782,"text":185},"k297",[],[],{"_key":1785,"_type":170,"children":1786,"markDefs":1791,"style":190},"k302",[1787],{"_key":1788,"_type":174,"marks":1789,"text":1790},"k301",[],"The tax credit can be used to offset future Chinese withholding taxes, including taxes on dividends, interest, and royalties, improving long-term tax efficiency and cash flow for foreign investors expanding their China operations.",[],{"_key":1793,"_type":170,"children":1794,"markDefs":1799,"style":190},"k306",[1795],{"_key":1796,"_type":174,"marks":1797,"text":1798},"k305",[],"To retain the benefits of China’s reinvestment incentives, the reinvested funds must generally be held in China for at least 60 months (5 years). If the investment is withdrawn, transferred, or otherwise fails to meet qualifying conditions before the end of this holding period, the previously deferred withholding tax becomes payable, together with applicable interest.",[],{"_key":1801,"_type":170,"children":1802,"markDefs":1807,"style":190},"k310",[1803],{"_key":1804,"_type":174,"marks":1805,"text":1806},"k309",[],"If the investment is maintained for the full five-year period, the 10% reinvestment tax credit may be used to offset the original deferred withholding tax, effectively converting what would otherwise be a temporary tax deferral into a permanent tax saving.",[],{"_key":1809,"_type":170,"children":1810,"markDefs":1815,"style":190},"k314",[1811],{"_key":1812,"_type":174,"marks":1813,"text":1814},"k313",[],"This structure encourages long-term foreign investment and discourages short-term capital recycling.",[],{"_key":1817,"_type":170,"children":1818,"markDefs":1823,"style":1189},"k318",[1819],{"_key":1820,"_type":174,"marks":1821,"text":1822},"k317",[1186],"Historical tax rates and recent reforms",[],{"_key":1825,"_type":170,"children":1826,"markDefs":1831,"style":190},"k322",[1827],{"_key":1828,"_type":174,"marks":1829,"text":1830},"k321",[],"From a peak of 33% in 1998, China's corporate income tax rate has remained stable at the current 25% since 2008.",[],{"_key":1833,"_type":170,"children":1834,"markDefs":1839,"style":190},"k326",[1835],{"_key":1836,"_type":174,"marks":1837,"text":1838},"k325",[],"Up till 2007, China followed a dual tax regime with a standard enterprise income tax rate of 33% and preferential tax rates for foreign companies and small businesses.",[],{"_key":1841,"_type":170,"children":1842,"markDefs":1847,"style":190},"k330",[1843],{"_key":1844,"_type":174,"marks":1845,"text":1846},"k329",[],"Foreign investment enterprises enjoyed numerous tax incentives that brought the rate down to 10-15%. Small and low-profit enterprises in China also benefited from reduced rates of 18% or 27%. The new corporate income tax law, passed in 2007 and effective from 2008, established a flat tax rate of 25% for Chinese tax resident enterprises and non-resident enterprises alike.",[],{"_key":1849,"_type":170,"children":1850,"markDefs":1855,"style":190},"k334",[1851],{"_key":1852,"_type":174,"marks":1853,"text":1854},"k333",[],"Apart from this major reform, China has in recent years focused on targeted incentives for small businesses, encouraged industries (such as high-tech enterprises), and regions (western region, Hainan Free Trade Port, etc).",[],{"_key":1857,"_type":170,"children":1858,"markDefs":1863,"style":190},"k338",[1859],{"_key":1860,"_type":174,"marks":1861,"text":1862},"k337",[],"Additionally, the country is in the process of reforming other tax regimes, such as value-added tax and consumption tax.",[],{"_key":1865,"_type":170,"children":1866,"markDefs":1871,"style":1189},"k342",[1867],{"_key":1868,"_type":174,"marks":1869,"text":1870},"k341",[1186],"Other taxes to take note of",[],{"_key":1873,"_type":170,"children":1874,"markDefs":1879,"style":190},"k346",[1875],{"_key":1876,"_type":174,"marks":1877,"text":1878},"k345",[],"Apart from corporate income tax, withholding tax, and individual income tax, businesses—including foreign enterprises—might be subject to the following taxes:",[],{"_key":1881,"_type":170,"children":1882,"markDefs":1887,"style":1303},"k350",[1883],{"_key":1884,"_type":174,"marks":1885,"text":1886},"k349",[1186],"Value-added tax (VAT)",[],{"_key":1889,"_type":170,"children":1890,"markDefs":1895,"style":190},"k354",[1891],{"_key":1892,"_type":174,"marks":1893,"text":1894},"k353",[],"Value-added tax (VAT) is one of the most significant indirect taxes in China and applies to the sale of goods, provision of services, and importation of goods. China reformed its VAT system in 2019, replacing the former 17% standard rate with a tiered structure.",[],{"_key":1897,"_type":170,"children":1898,"markDefs":1903,"style":190},"k358",[1899],{"_key":1900,"_type":174,"marks":1901,"text":1902},"k357",[],"Currently, VAT is levied at multiple rates depending on the nature of the transaction. Goods and manufacturing activities are generally subject to a 13% VAT rate, while transportation, construction, and real estate services are typically taxed at 9%. Most modern services, such as consulting and professional services, are taxed at 6%. 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