Advertising company belongs to the scope of taxable services, advertising companies need to pay taxes and fees mainly include: enterprise income tax, value-added tax, as well as attached urban construction tax, education surcharge, local education surcharge, stamp duty and so on.
The specific tax rates are as follows:
Value-added tax (VAT), at a rate of 6%; additional taxes and fees, which are levied on the basis of the actual amount of VAT and consumption tax paid.
Urban construction and maintenance tax, rate 7% (city) 5% (county and town) 1% (township and village); education surcharge, rate 3%; local education surcharge, rate 2%. Cultural Utilities Construction Fee, rate 3%.
Expanded:
Effective July 1, 2017, the structure of the VAT rate is simplified, and the 13% VAT rate is abolished.
Currently, the tax rates applicable to general taxpayers are 16%, 10% , 6% and 0%.
1. 16% tax rate
Sale of goods or provision of processing, repair and assembly services and import of goods. Provide tangible movable property leasing services.?
2. 10% tax rate applies. tax rate
Provision of transportation services.?
Agricultural products (including grain), tap water, heating gas, liquefied petroleum gas, natural gas, edible vegetable oil, cold air, hot water, gas, coal products for residential use, edible salt, agricultural machinery, feed, pesticides, agricultural films, fertilizers, biogas, dimethyl ether, books, newspapers, magazines, audio-visual products, electronic publications.?
3. 6% tax rate applies
Provision of modern service industry services (except for tangible movable property leasing services).?
4. Applying 0% tax rate
Special business such as exporting goods.?
On April 19, 2017, the State Council executive meeting decided that from July 1, the VAT rate will be reduced from four to three rates of 17%, 11% and 6%, and the rate of 13% will be canceled. China's first major tax VAT rate simplification and consolidation will take the first step...?
Baidu Encyclopedia - Value Added Tax