![]() ![]() From 1 January 2020 to 31 December 2024, encouraged enterprises registered in the Hainan Free Trade Port with operational substance in the Hainan Free Trade Port are eligible for a reduced CIT rate of 15%.From 1 January 2014 to 31 December 2025, encouraged enterprises established in the Pingtan Comprehensive Experimental Zone with operational substance are eligible for a reduced CIT rate of 15%.Encouraged enterprises established in the Guangdong-Macao Intensive Cooperation Zone in Hengqin with operational substance are eligible for a reduced CIT rate of 15%.From 1 January 2014 to 31 December 2025, encouraged enterprises established in the Qianhai Shenzhen-Hong Kong Modern Services Industry Cooperation Zone with operational substance are eligible for a reduced CIT rate of 15%.From 1 January 2011 to 31 December 2030, encouraged enterprises in the Western Regions are eligible for a reduced preferential CIT rate of 15%.Qualified enterprises engaged in pollution prevention and control are eligible for a reduced preferential CIT rate of 15% from 1 January 2019 to 31 December 2023.Ī lower CIT rate is available in specific regions for specific sectors/industries as follows:.For qualified small and thin-profit enterprises, the annual taxable income up to 3 million yuan renminbi (CNY) (inclusive) is subject to an effective CIT rate of 5% from 1 January 2023 to 31 December 2024.An enterprise has to fulfil a set of prescribed criteria and be subject to an assessment in order to qualify as a technology-advanced service enterprise. Qualified technology-advanced service enterprises are eligible for a reduced CIT rate of 15%.Encouraged designated key software enterprises and encouraged designated integrated circuits (IC) design enterprises are eligible for a reduced CIT rate of 10% after the first five years of CIT exemption.An enterprise has to fulfil a set of prescribed criteria and be subject to an assessment in order to qualify as a new/high tech enterprise. Qualified new/high tech enterprises are eligible for a reduced CIT rate of 15%. ![]() Under the CIT law, the standard tax rate is 25%.Ī lower CIT rate is available for the following sectors/industries on a national basis: A non-TRE with an establishment or place in China shall pay CIT on income derived by such establishment or place from sources in China as well as income derived from outside China that effectively is connected with such establishment or place. A non-TRE that has no establishment or place in China is taxed only on its China-source income. Tax resident enterprises (TREs) are subject to corporate income tax (CIT) on their worldwide income. ![]()
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