7 Jan 2019
Shenzhen Adjusts Chargeable Rates for Enterprise Income Tax
The State Administration of Taxation (SAT) Shenzhen Tax Service has recently issued an announcement setting forth the chargeable rates of income for enterprise income tax on assessment basis for different categories of businesses. As of 1 January this year, the lowest chargeable rates allowed by the SAT has applied to enterprises subject to tax assessment in Shenzhen and the Shenzhen-Shanwei Special Co-operation Zone.
In more specific terms, the applicable chargeable rates are:
|Industry||Chargeable Rates (% of income)|
|Agriculture, forestry, animal husbandry, fishery||3%|
|Wholesale and retail trade||4%|
For further details (in Chinese), please access the following link: