Published 17 April 2018
China's taxation system includes a wide range of imposts on businesses and individuals including income taxes (corporate income tax and individual income tax), turnover taxes (value added tax, business tax and consumption tax), taxes on property (land appreciation tax and real estate tax), as well as taxes such as stamp tax, customs duties, motor vehicle acquisition tax, vehicle and vessel tax, and urban construction and maintenance tax. Not all applicable taxes are covered here and the information that is provided should only be used as a guide. China's laws and regulations, which underpin the nation's tax system, are currently in a state of transition and discussion drafts looking at various aspects, including the Taxation Collection Administration Law (TCAL), and the VAT and Business Tax systems.