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| 1. Enterprise Income Tax |
| The enterprise income tax shall be levied at the rate of 25%. As regards important high-tech enterprises necessary to be supported by the state, the enterprise income tax shall be levied at the reduced rate of 15%.
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| 2. Value Added Tax |
| Enterprises or individuals who sell commodities, engage in repair and maintenance or import and export business in the territory of China are subject to value added tax in line with Chinese law. The standard rate for value added tax is 17%, but the rate for a few commodities such as grain, cooking oil, running water, forage, fertilizer, pesticide, and farming machinery is 13%.
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| 3. Consumption Tax |
| Product, processing and importation of the following 11 commodities in the territory of China are subject to consumption tax:tobacco, alcoholic drinks or alcohol, cosmetics, skin and hair care products, jewellery, fireworks, gasoline, diesel, automobile tyre, motorcycle and motorcar. Consumption tax is calculated in two ways. One way is to calculate according to quantity ( gasoline is RMB 0.20 per liter). The other is to set tax according to the price of commodities (the rate for motorcar with its engine cylinder under 2,200 ml is 8%).
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| 4. Business Tax |
| Enterprises or individuals whose business are in the sectors of transportation, post and communication, finance and insurance, construction, art, sports, entertainment and services, or who transfer incorporeal properties, sell immovable in the territory of China are subject to business tax. Business tax rate is 3% or 5%. But the tax rate for entertainment sector is 10% or 15%.
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| 5. Individual Income tax |
| The individual income, such as wages and salaries of foreigners working in China shall be taxed at the following progressive rates:
|
| Income Tax Rate for Foreign Invested Enterprises in Shanghai |
| Grade |
Monthly Income taxable(RMB) |
Tax rate% |
| 1 |
The section less than 500 |
5 |
| 2 |
The section from 500 plus to 2,000 |
10 |
| 3 |
The section from 2,000 plus to 5,000 |
15 |
| 4 |
The section from 5,000 plus to 20,000 |
20 |
| 5 |
The section from 20,000 plus to 40,000 |
25 |
| 6 |
The section from 40,000 plus to 60,000 |
30 |
| 7 |
The section from 60,000 plus to 80,000 |
35 |
| 8 |
The section from 80,000 plus to 100,000 |
40 |
| 9 |
The section exceeding 100,000 |
45 |
|
| Note: The Monthly Income Taxable refers to the remaining sum of an individual's monthly after RMB 1600 or an extra deductible sum is deducted as stipulated by Article 6 of the Law on Individual Income Tax. With regard to a foreigner, it refers to the remaining sum of his monthly income after RMB 3200 is deducted. |
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| Related Costs |
The rent for normal standard factory buildings:
0.50~0.70 RMB/m2·day |
The cost of public facilities:
Water:2.4 RMB/m3(including the sewage fee)
Gas: 2.60 RMB/m3
LPG : 255 RMB/Bottle (50kg)
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| Communication： |
| |
Normal Telephone |
ISDN |
ADSL |
| Connection Charge |
￥310 |
￥310 |
￥900 |
| Basic Charge |
￥35 per month |
￥35 per month |
￥100 per month |
| Price |
0.22 RMB for every first 3 minutes; then 0.11 per extra minute. |
0.22 RMB for every first 3 minutes; then 0.11 per extra minute. |
1400 RMB for every month 512K;2400 RMB for every month 1M. |
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Power：
"Peak And Valley Electricity Prices In Shanghai", issued in Apr 2005, is as follows: |
| Unit:(RMB/KWH) |
| |
less than 0.4KV |
10KV |
35KV |
more than 110kv |
Peak Hours
08:00-11:00
18:00-21:00 |
0.988 |
0.976 |
0.961 |
0.946 |
Normal Hours
06:00-08:00
11:00-18:00
21:00-22:00 |
0.614 |
0.599 |
0.584 |
0.569 |
Valley Hours
22:00- Next 06:00 |
0.299 |
0.294 |
0.289 |
0.284 |
| Basic Charges (RMB/KW, Month) |
30 RMB/KW*Month(Maximum Need) |
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| TOP^ |
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