2. Consumption tax (VAT). Consumption tax, that is, value-added tax, is levied at the rate of 5% according to the price of goods. In the first two years of the company's registration, it is possible to apply for consumption tax reduction and exemption according to conditions.
3. Local taxes (business tax and resident tax). Local taxes are divided into business tax and resident tax. The local tax is paid according to the profit tax of the enterprise at the ratio of 1.2%-4%.
4. Branches that do not need independent accounting. For branches, independent accounting is not required. The corporate tax is based on the capital of the company's head office, and the tax can be taken back to China for tax refund.