文档介绍：< 0 > an Shira & Associates CHINA TAX OVERVIEW & CIT UNIFICATION UPDATE ? 200 7 Dezan Shira & Associates Ltd. All rights reserved. < 1 > ex Part One China CIT Unification Part Three Implementation Rule of EIT & FEIT . New Rule < 2 > t One China CIT Unification < 3 > t One: China CIT Unification 5 Expenses Deduction 4 Grandfathering Rule 3 12 Residence Concept Tax Rate Tax Incentives < 4 > idence Concept Tax Implication Definition Item Tax on China- sourced e Enterprises established outside China Non-China tax resident Foreign enterprises established outside China but its effective management is based in China Tax on worldwide e Enterprises established in China China tax resident < 5 > mple Help You to Understand the Definition < 6 > clusion of the Sample Pay tax as residence Exemption e derived from outside China Pay tax as residence PE, pay tax e derived from China New Law Current Tax Law Source of e < 7 > Expenses Deduction 4 Grandfathering Rule 3 12 Residence Concept Tax Rate Tax Incentives Part One: China CIT Unification < 8 > n Changes — Tax Rate es derived from profits, interest, rentals, royalties and other es from sources in China. 20% (Reduced to 10%) Withholding e Tax (“ WHT ”) Small and thin-profit enterprises 20% Reduced Rate Most enterprises 25% Standard Rate Applicable Enterprises Tax rate Item < 9 > ustration for small and thin profit enterprise Tax rate 20% ? Recognition criteria For manufacturing enterprises Total assets < RMB 30 Million Total employees <100 persons Taxable e < RMB 300,000 For non-manufacturing enterprises Total assets < RMB 10 Million Total employees < 80 persons Taxable e < RMB 300,000