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China CIT-LAW sections

Seeded section records for China CIT-LAW.

Country

China

Code

CIT-LAW

Sections

1

Section 3

PRC Enterprise Income Tax Law art 3 - Scope of taxation

Article 3 of the PRC Enterprise Income Tax Law charges enterprise income tax on resident enterprises on worldwide income and on nonresident enterprises on PRC-source income or income effectively connected with a PRC establishment. The standard EIT rate is 25 percent; small low-profit enterprises and qualifying high-tech enterprises may obtain reduced rates.

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This library is for general tax education only. Always verify filing obligations, due dates, and tax consequences against the cited primary source or with a qualified tax professional.