How is tax rebate in China?
It depends on which kind of products you export from China.For example: If your company is WFOE in Guangzhou, whose shareholders are foreigners( not foreign company), and you export electronic products from China, here is the tax you will be involved:1. VAT : 17% but you can get 17% rebate. So the VAT will be 0.For other product, the tax rebate rate usually is 10–16% depends on which product you want to export.2. Additional tax : About 1–2% of the revenue;3. Corporate income tax: 10% if the annual net profit is below 0.5 million, 25% if net profit is above 0.5 million;4. Individual Income Tax: In China If foreigners get dividends of their investment, the individual income tax rate is 0%.So for foreigners the best way to save tax in China is set up a WFOE whose shareholders are foreigners.If you need any help, you can contact me by this link : Danica MAI | Danica MAI's Blog
If someone is buying a car in the US to export immediately, but the dealership insists that the car is titled first, how can someone get a tax refund?
You don’t get a refund, in fact, you pay more taxes on it when you take it out of the country. What you are suggesting is done with Land Rovers and other luxury SUV’s and they are shipped to China. You pay the tax and registration because you can still make a good profit selling it in China.How about you just don’t do this if it works out to be more expensive than just buying the car in the country you want to export it to. Otherwise if everything still adds up to less than what you would have to pay in the other country, then stop complaining and be happy that you were smart enough to get a better deal on the car you want by buying it in the US and shipping it to the country you want it in.The dealerships have to follow the laws, and they don’t want their cars leaving the country anyway because it messes up their allocation if they are caught by the manufacturer. The manufacturers don’t want this happening because it messes with their profit margins.Also, registering it lets you export it as a used car, which will be cheaper when it comes to importing it into the country it’s going to. Import taxes are typically higher for new cars than they are for used cars. So you might save a few bucks at the US dealer by doing as you are suggesting, but you’ll end up paying the same amount if not more when it comes to bringing the car into the country you want it in.
How much tax is charged in exporting balloons from China?
Dear, it is no need to pay any tax if shipment export from China. It has to pay for duty/tax if export to china.You can find a Customs clearance agent in China for your assistant.
Will new China Tax Plan slow U.S. investment in China?
Probably. US firms are re-thinking their investment in China for a number of reasons, including falling incentives in China, decreased demand in the US, theft of intellectual property in China, and rising costs of doing business in China.
Is Walmart owned mostly by china?
haha, the U.S. is owned by China....literally. We've borrowed so much money from China that they own us and on top of that China has bought so much of our cheap property and companies that in the future China will still own us. I suggest that you learn Chinese b/c then China will own you.
How and when does an exporter declare goods and pay customs, when exporting?
Good are declaring in Export commercial Invoice, Packing List and ER1 form, if goods are examining , stuffing and sealing at warehouse or manufacturing plant, than Central Excise authority is reliable for declared good approval. All Loose goods are examine at Custom Port and where these can stuff in Container, in that case Custom authority is liable to give approval the goods for Exporting, and issue the Shipping Bill with Let Export Date. You can check with the Practical Export Unit, time to time rules and procedure are amending.
Why is Lenovo computer more expensive in China than in many other countries?
It's mostly because of Tax. China charges high VAT and other types of corporate taxes, business entities bear notably heavy tax burdens. China ranks No. 2 in the global Tax Misery Index ranking, imagine that for our entrepreneurs...that contributes to the high price of Chinese goods sold domestically. While when commodities are exported, they are often entitled to tax rebate. Computers exported from China can earn 17% tax refund from the government, and that makes a big difference on the pricing overseas. What's more, for high-tech products with strategic importance like Lenovo, China would offer them a variety of incentive and financial backup to make sure their price competitive in the global market.