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Individual Income Tax ("IIT") on salary
Individual Income Tax ("IIT") on labor remuneration
Corporate Income Tax ("CIT") on enterprise's profit
Withholding income tax on dividend
USD CNY
Monthly gross salary
No. of months
12 12
Annual gross salary
Annual social insurance
(*taking Shanghai as an example)
Annual standard deduction
 8333.33 60000.00
Annual taxable income
Annual taxable income
(tax-on-tax gross up)
Tax rate
Quick reckoning deduction
Annual IIT payable
Annual net salary
Monthly net salary
dianzi
USD CNY
Gross labor remuneration
Standard deduction
20% 20%
Gross taxable labor remuneration
Tax on tax remuneration for services
Tax Taxable income
Withholding tax rate
Quick reckoning deduction
IIT payable
Net labor remuneration
dianzi
USD CNY
Annual taxable profit
CIT Rate
25%15%5% 25%15%5%
CIT payable
Annual net profit
—
Notes:
1. HNTE represents High and New Technology Enterprise. A HNTE enterprise is eligible for a reduced CIT rate of 15%.
2. In case the following three cretiria can be met, an enterprise is classified as a small-micro enterprise.
(1) Annual taxable income does not exceed CNY3M ($423K).
(2) No. of employees does not exeed 300 persons in a calendar year.
(3) Total asset does not exeed CNY50M ($7.04M)
dianzi
USD CNY
Gross dividend to be distributed from a WFOE in China to a non-resident enterprise shareholder
Withholding tax rate
10% 10%
Withholding tax payable
Net dividend to be remitted to a non-resident enterprise shareholder
—
Notes:
(1) In general, the withholding tax rate is 10%. A lower rate may be applied if certain conditions can be met.
(2) A dividend to be distributed from a WFOE in China to a foreign individual shareholder is tax-exempt.
dianzi
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