In China, the main forms are taxation based on the power given by the state power and profit distribution with the participation of the owner of the means of production. The types of fiscal revenue in China include industrial and commercial taxes, customs duties, agriculture and animal husbandry taxes and farmland occupation taxes, state-owned enterprise income taxes, state-owned enterprise adjustment taxes, profits paid by state-owned enterprises, state-owned enterprise planned loss subsidies, national energy and transportation key construction funds, state budget adjustment funds, special fund income, state-owned enterprise contracted income refunding, budget allocation income and other income categories.
The collection of local fiscal revenue mainly depends on the local financial and tax departments at all levels to organize storage. China's financial management system stipulates that local fiscal revenues at all levels shall be collected by local organizations, but the national fiscal, financial and taxation systems shall be formulated and issued by the central government.
Take the investment promotion of the headquarters economy in our park as an example, what is returned is the local retained part.
VAT and income tax support for limited companies: For limited companies, enterprises can set up new companies, branches, subsidiaries or relocate to Chongqing and Jiangsu parks. According to the principle of territoriality of taxation, local parks will give a certain proportion of financial support subsidies to enterprises that pay taxes normally.
Value-added tax is supported by 50%-70% of local fiscal revenue.
Enterprise income tax is supported by 50%-70% of local fiscal revenue.
Approved collection of sole proprietorship enterprises: small-scale taxpayers settle in Chongqing, Jiangsu and other parks to set up sole proprietorship enterprises and apply for approved collection. The income tax on individual production and operation is 0.5%-2. 1% after approval, and 0.5%-3.1%after approval by ordinary taxpayers. The comprehensive tax rate of small-scale taxpayers' sole proprietorship enterprises/partnerships will not exceed 5./kloc-.