The corporate income tax rate is a proportional rate of 25%. The income tax rate for foreign-invested enterprises is 30%, and there is a local income tax of 3%. The new income tax law stipulates that the statutory tax rate is 25%, which is the same for domestic-funded enterprises and foreign-funded enterprises. High-tech enterprises that need key support from the state are 15%, small and low-profit enterprises are 20%, and non-resident enterprises are 20%. If a non-resident enterprise establishes an institution or place in China, it shall pay corporate income tax on the income derived from the institution or place it establishes from within China, as well as the income that occurs outside China but has no actual connection with the institution or place it establishes. .

The amount of corporate income tax payable = current taxable income * applicable tax rate. Taxable income = total income - the amount of allowed deductions. The corporate income tax rate is the statutory ratio based on which the corporate income tax payable is calculated.

Legal basis:

"Tax Collection and Administration Law of the People's Republic of China"

Article 28 The tax authorities shall, in accordance with laws and administrative regulations, It stipulates that tax collection shall not be started, suspended, over-levied, under-levied, collected in advance, postponed or apportioned in violation of the provisions of laws and administrative regulations. The amount of agricultural tax payable shall be determined in accordance with the provisions of laws and administrative regulations.

Article 29 Except for tax authorities, tax personnel, and units and personnel entrusted by tax authorities in accordance with laws and administrative regulations, no unit or individual may engage in tax collection activities.

Article 30 The withholding agent shall perform the obligation to withhold and collect taxes in accordance with the provisions of laws and administrative regulations. For entities and individuals that are not required by laws or administrative regulations to withhold or collect taxes, the tax authorities shall not require them to perform their tax withholding or collection obligations. When a withholding agent performs the obligation to withhold and collect taxes in accordance with the law, the taxpayer shall not refuse. If the taxpayer refuses, the withholding agent shall promptly report to the tax authorities for processing. The tax authorities shall pay withholding and collection fees to the withholding agent in accordance with regulations.