What are the taxes in China and Hongkong? How much is the tax rate?

I. Relevant taxes in China and Hongkong:

1, profits tax:

It is equivalent to domestic enterprise income tax, and the tax rate is 16.5%. When the company's annual income is deducted from the cost, the tax that needs to be paid for the profit part is called profit tax.

2. Property tax:

It is equivalent to the domestic property tax, and the tax rate is 16%- 17%. In Hong Kong, if there are properties such as real estate for rent, the tax that needs to be paid to the government from the rental income is called property tax.

3. Personal salaries tax:

It is equivalent to the domestic personal income tax, and the tax rate is about 16%. Salaries tax is calculated at a progressive rate based on salary income.

Two, Hong Kong tax can be divided into direct tax and indirect tax. Hong Kong has always implemented a simple tax system with few types of taxes, mainly direct taxes. Direct taxes mainly include salaries tax, profits tax, property tax and personal income tax.

Indirect taxes mainly include rates, land rent and land tax, stamp duty, gambling and lottery tax, commodity tax, hotel rental tax, commercial boarding fee, air passenger departure tax, vehicle registration tax, patent tax and privilege tax.

Personal salaries tax means that anyone who earns income in Hong Kong because of his position, employment or retirement must pay salaries tax. After deducting various deductions and allowances, the salary tax rate is calculated in a progressive way, but the total amount of tax paid will not exceed 17% of taxable income.

Extended data:

Increase tax

Land departure tax

During the period of 1999, a political party in Hong Kong proposed to increase the land departure tax as a strategy to increase the revenue of Hong Kong's treasury, but it ended in vain.

Goods and services tax

Main items: goods and services tax

In 2006, the Hong Kong government issued a tax reform document, one of which was to levy a goods and services tax. According to the consultation document, the tax rate will be 5%, which will increase the revenue of the Treasury by HK$ 30 billion, but the government will also introduce various tax reduction measures. The Hong Kong government claims that this tax can broaden the tax base and prevent a few people from paying most of the tax.

However, the general public is opposed to the introduction of this tax, thinking that it will rob the poor and help the rich, increase the burden on the public, and it will be even more unfavorable to low-income people who have never paid salaries tax (because their income is completely offset by the tax allowance). Due to strong public opposition, the government shelved its consideration of this tax.

At the beginning of June 5438+February 2006, due to the one-sided opposition from all walks of life and political parties, the government officially shelved the consideration of this tax. The rating agency called it "disappointed" but did nothing.

Baidu Encyclopedia-Hong Kong Taxation