Value-added Tax

Tax rate: 17% 13% No VAT and Tariff for imported equipment

Sales tax

The tax rate is 5% for service industry,intangible assets transfer and real property sale,3% for sectors like transportation communication,construction,posts and telecommunications,culture and sports,etc. and 20% for entertainment industry.

Income tax

A policy of 2-plus-3 is practiced for foreign-funded enterprises.Under the policy,newly- established agricultural enterprises and foreign-funded manufacturing ventures with business terms longer than 10 years are entitled to be free from income tax in the two years following the year when they start to make profit and they will be taxed only by half in the next three years.

Negotiable Policies

Policies are negotiable for enterprises with actual foreign fund of over 3 million US dollar or domestic enterprises with actual investment over 30 million RMB Yuan.