China - Other taxes and levies

China - Other taxes and levies

Taxation of international executives

Related content

Social security tax

Gift, wealth, estate, and/or inheritance tax

Real estate tax

Sales/vat tax

Unemployment tax

Other taxes

Social security tax

Are there social security/social insurance taxes in China? If so, what are the rates for employers and employees?

Employer and employee

Social security contributions from both employee and employer are mandatory for individuals of China domicile who are employed in China.

The rates of contribution vary by location within China.

Effective from 1 July 2011, foreigners may be also subject to social security taxes in China.

Gift, wealth, estate, and/or inheritance tax

Are there any gift, wealth, estate, and/or inheritance taxes in China?

There are no gift, wealth, estate, and inheritance taxes in China currently.

Real estate tax

Are there real estate taxes in China?

Yes, but property that is held for personal use may be provisionally exempt from real estate tax, provided that certain conditions are met.

Sales/VAT tax

Are there sales and/or value-added taxes in China?

Yes, there is value-added tax (VAT) in China. VAT is charged on the supply of goods, the provision of repairs and processing services in the PRC as well as the importation of goods into the PRC. General rate of VAT is 17 percent.

 

Unemployment tax

Are there unemployment taxes in China?

Yes. Unemployment tax is one of the components of the Chinese social security system. See discussion on social security tax earlier.

Other taxes

Are there additional taxes in China that may be relevant to the general assignee? For example, customs tax, excise tax, stamp tax, and so on.

Shipments of household goods to China in relation to an assignment are generally subject to customs duties. Duties are either assessed on a lump-sum duty rate or based on percentage of the assessed value determined by China customs at the time of inspection.

There is also stamp duty in China, which is imposed on certain prescribed documents executed or used in China. Notably, lease agreements entered into for rental of accommodation in China are subject to stamp duty at the rate of 0.1 percent of the contract value, although this may not be strictly enforced in all locations throughout China.

© 2016 KPMG Advisory (China) Limited, a wholly foreign owned enterprise in China and KPMG Huazhen, a Sino-foreign joint venture in China, are member firms of the KPMG network of independent member firms affiliated with KPMG International Cooperative (“KPMG International”), a Swiss entity. All rights reserved.

Connect with us

 

Request for proposal

 

Submit

KPMG's new digital platform

KPMG's new digital platform