Taxes in Shanghai
Get efficient tax services based on the professionals’ broad knowledge, talents, and exclusive technique. The taxation practice of the specialist is built to handle a variety of taxes in Shanghai, including company taxes, personal income taxes, and value-added taxes.
Tax solutions in Shanghai
The experts provide excellent advice on the financial elements of everyday operations. They guide developing tax policies and managing taxes in certain areas, such as tax returns and calculations.
Tax optimization
Experts use the most advanced strategies to lower a company’s or individual’s tax bills to a bare minimum by taking advantage of the legislation’s benefits while remaining in compliance with the state. With professional help, make decisions that will result in the best possible outcome for your current and future tax liabilities.
Tax consultation
Our authorized advisors help individuals and businesses with their tax requirements. Tax attorneys investigate accounting and tax issues, devise strategies, and recommend clients seeking tax advice.
VAT registration
The experts can help you register your company as a producer and vendor with the government. The required documents for your VAT authorization are created by professionals, including identity proof and memorandum of incorporation.
Bookkeeping
Our accountants are in charge of keeping financial records and producing financial reports such as ledger and revenue accounts. The skilled bookkeepers will make sure that employees correctly submitted receipts and costs, as well as handling paychecks daily.
Applying for tax return
Every year, the tax lawyer files tax returns by delivering paperwork to the tax agencies detailing profits, expenses, and other relevant revenue information. Tax accountants determine a company’s tax responsibilities, prepare tax bills, and recover overpayment refunds.
Register as a taxpayer
Our tax service can help you obtain a taxpayer status by gathering and filing the relevant paperwork. Our platform provides officials with identity documents, financial statements, information about the company’s commodities or services, and photo id.
System of taxes and fees in Shanghai
China’s Personal Income Tax (often written as IIT) is a graduated tax structure with tax levels ranging from 3% to 45 percent. Personal salary tax must be paid on any earnings obtained from resources within or beyond China by a national citizen. Individual income tax is payable by non-resident taxpayers only on revenue earned or generated in China.
Tax rates
The table below presents a selection of the most prevalent types of taxes along with their corresponding rates.
| Tax | Tax Rate |
|---|---|
| VAT | 6% – 13% |
| Corporate income tax | 25% |
| Personal income tax | 3% – 45% |
| Dividend tax | 20% |
| Capital Gains tax | 20% – 25% (under personal and corporate tax) |
| Property tax | 0.4% – 1.2% |
| Inheritance tax | N/A |
| International tax | 10% – 25% (varies by tax type) |
| Cryptocurrency tax | N/A |
