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The Eight Major Taxes Levied by the Local Tax Bureau Free Trade Zone Branch

The Eight Major Taxes Levied by the Local Tax Bureau Free Trade Zone Branch

Zhang Fangtao, Local Tax Bureau Free Trade Zone Branch

1.    Business tax:

Business tax is a tax levied from the enterprises and individuals within the territory of the People's Republic of China supplying taxable labor service, transferring intangible assets or selling real property.

In terms of the period for tax payment, the enterprises in the free trade zone shall pay business tax for every one month and declare tax payment within ten days after the expiry of the period.

The tax withholding period of the tax withholder of business tax is similar to the tax period of business tax.

2.    Urban maintenance and construction tax, education surtax and flood control facility maintenance fee

Urban maintenance and construction tax, education surtax and flood control facility maintenance fee are taxes levied from the entities and individuals engaged in production and operation activities with actually paid value added tax, consumption tax and business tax as the tax basis according to different tax rates applicable to the local taxpayers.

Urban maintenance and construction tax and education surtax are levied only from the domestic enterprises and the individuals, while the flood control facility maintenance fee is levied from all enterprises and individuals.

The periods for tax payment of urban maintenance and construction tax, education surtax and flood control facility maintenance fee are similar to that of the business tax.

3.    Enterprise income tax

 

Enterprise income tax is a tax levied from the enterprises on production and operation income and other incomes.

Enterprise income tax is levied as calculated on a yearly basis, paid on a monthly or quarterly basis and settled at end of the year with deficit supplemented and overcharge refunded. The taxpayers shall make tax declaration within 15 days after the end of the quarter and 45 days after the end of the year.

4.    Individual income tax

Individual income tax is a tax with all individuals' taxable incomes as objects.

The period for tax payment of individual income tax shall be levied on a monthly basis and declared by the taxpayers within 7 days after the next month.

5.                  House property tax and urban real estate tax

House property tax and urban real estate tax are taxes levied from the ownership holders with housing property as object of taxation and according to the houses' tax calculation balance or rental income.

The house property tax is levied only from domestic enterprises and individuals, while the urban real estate tax from foreign-funded enterprises and foreign persons.

House property tax and urban real estate tax are levied on a yearly basis and paid in two installments, one in May and one in November.

6.                  Urban land use tax

Urban land use tax is a tax levied by the State within the cities, counties, designated towns as well as industrial and mining areas on the land unit area actually occupied by entities and individuals with land use right as taxation basis.

Urban land use tax is levied only from the domestic enterprises and individuals.

Urban land use tax is levied on a yearly basis and in two installments, in May and November respectively.

7.                  Vehicle and vessel use tax and vehicle and vessel license plate tax

Vehicle and vessel use tax and vehicle and vessel license plate tax refer to the taxes levied on vehicles on the public roads and vessels traveling in or past the rivers, lakes or costal ports according to their types, tonnage and the required amounts.

The vehicle and vessel use tax shall be levied only from the domestic enterprises and individuals, while the vehicle and vessel license plate tax from the foreign-funded enterprises and foreign persons.

The period for tax payment of the vehicle and vessel use tax and vehicle and vessel license plate tax is from January 1 to March 31.

8.         Stamp tax

The stamp tax is a tax levied on the taxable documents executed and received in the course of the economic activates and economic communications.

The stamp tax shall be paid on execution or receipt. For the same kind of taxable documents that need frequent stamp payment, the taxpayers may apply to the local taxation authorities for regular payment of stamp taxes on a consolidated basis.

Zhang Fangtao

Local Tax Bureau the Free Trade Zone Branch

 

May 12, 2004
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