I. Value-added tax
1, the sale or import of goods other than those listed? Value-added tax rate, the first item states: "Taxpayers selling or importing goods, except for the provisions of items (b) and (c) of this article, the tax rate is 16%." (Now 13%)
2, processing, repair and repair labor? VAT rate, the fourth item provides: "Taxpayers to provide processing, repair and repair labor services, the tax rate is 17%.
3, agricultural products 13% including plants and animals.
2. Slaughter Tax
According to the regulations, the tax rate of slaughter tax is divided into two kinds: fixed tax rate and proportional tax rate. In most areas, the slaughter tax is implemented at a fixed rate, which is levied according to the number of heads of taxable livestock slaughtered, and the specific tax amount is stipulated by the provincial people's governments themselves.
Three, urban maintenance and construction tax
Urban maintenance and construction tax is differentiated according to the location of the taxpayer:
1. The applicable tax rate in urban areas is 7%.
2. The applicable tax rate for county cities and organized towns is 5%.
3. The applicable tax rate for other areas is 1 percent.
Four, education surcharge
The taxable basis of education surcharge is the actual amount of VAT, consumption tax and business tax paid by the taxpayer. The surcharge rate is 3%.
V. Land Value-Added Tax (VAT)
Land value-added tax (LVAT) is a four-tiered ultra-progressive tax rate, i.e., the tax rate that calculates the taxable amount on the basis of the relative rate of the amount of taxable objects, in the way of ultra-progressivity.
VI. Deed Tax
The rate of deed tax is 3%-5%. The applicable tax rate of deed tax shall be determined by the people's governments of provinces, autonomous regions and municipalities directly under the central government within the range stipulated in the preceding paragraph in accordance with the actual situation in the region, and shall be reported to the Ministry of Finance and the State Administration of Taxation for the record.
VII. Calculation and Standard of Individual Income Tax
Taxable Individual Income Tax = Taxable Income × Applicable Tax Rate - Immediate Deduction
Since October 01, 2018, the starting point of the Individual Income Tax (Exemption Amount) for mainland China has been adjusted to 5,000 yuan/month
Taxable Income = Monthly Income after Deduction of the Three Risks and One Dividend - Deductions
Expanded Information
Types of Tax Rates Used in Taxes:
1. China's value-added tax (VAT), business tax (BT), urban maintenance and construction tax (UMCT), and enterprise income tax (EIT) use proportional tax rates.? The proportional tax rate can be further divided into three specific forms in its application: single proportional tax rate, differential proportional tax rate, and amplitude proportional tax rate.
2. Differential proportional tax rates are divided into the following three forms:
(1) Differential proportional tax rates for products: different proportional tax rates are applied to different products, and the same proportional tax rate is applied to the same product. Such as consumption tax, customs duty, etc.;
(2) industry differential proportional tax rate: that is, different proportional tax rates are applied to different industries, and the same proportional tax rate is applied to the same industry. Such as business tax, etc.
(3) regional differential proportional tax rate: that is, to distinguish between different regions apply different proportional tax rates, the same region using the same proportional tax rate. Such as urban maintenance and construction tax.
(4) the range of proportional tax rate, refers to the same object of taxation, the tax law only provides for the minimum tax rate and the maximum tax rate, each region in the range to determine the specific use of the tax rate.?
Reference Source Baidu Encyclopedia-Tax Rates