Basic tax rate

The corporate income tax rate is 25%.

policy basis

article 4 of the enterprise income tax law of the people's Republic of China

ii. application of 2% tax rate

small-scale low-profit enterprises

for the part of small-scale low-profit enterprises whose annual taxable income does not exceed 1 million yuan, the taxable income will be reduced by 12.5%, and the enterprise income tax will be paid at the rate of 2%. For the part whose annual taxable income exceeds 1 million yuan but not more than 3 million yuan, it will be included in the taxable income at a reduced rate of 5%, and the enterprise income tax will be paid at the rate of 2%.

Policy basis

The People's Republic of China Article 28 of the Enterprise Income Tax Law of the People's Republic of China

Article 2 of the Notice of the Ministry of Finance and the State Administration of Taxation on Implementing the Inclusive Tax Relief Policy for Small and Micro Enterprises (Caishui [219] No.13)

Article 1 of the Announcement of State Taxation Administration of The People's Republic of China on Relevant Matters Concerning Supporting the Development of Income Tax Preferential Policies for Small and Micro Enterprises and Individual Industrial and Commercial Households (State Taxation Administration of The People's Republic of China Announcement No.8 of 221)

III. The 15% tax rate is applicable.