Accountancy in China

>> Withholding Taxes in China

Interest

The tax rates of withholding taxes on interests are 10% for income tax and  6% for value added tax.

Royalties

The tax rates of withholding taxes on royalties are 10% for income tax and  6% for value added tax.

Dividends

Dividends distributed to foreign investors before 2008 are exempt from withholding tax. The dividends generated after 2008 are usually subject to 10% withholding tax. Tax concession or exemption can apply if there is a Tax Agreement or Treaty between regions. For example, the agreed Tax concession with the US is 10%, with Hong Kong is 5% (if holding 25% or more shares) or 10% (if not).


Latest version updated 12th March 2018

Country Breakdown

1.4

Billion

Population

¥

Renminbi

Currency

$ 11.2

Trillion

GDP

9.597

Million

km2