All enterprises and other organizations (not including individual proprietorship and partnership) in the territory of China, for the enterprise income tax. Enterprises are classified into resident enterprises and non resident enterprises. A resident enterprise shall pay enterprise income tax on its income from within and outside the territory of China.
Non resident enterprises shall determine the amount of taxable income in accordance with the establishment of institutions or places within the territory of China, as well as the income of the non resident enterprises in accordance with the actual relationship between the domestic institutions and the field. Enterprise income tax to the enterprise each tax year the total income, after deduction of the non taxable income, tax exempt income, various deductions and allowed to be used to make up the balance to the previous year's losses, the taxable income amount.
The tax rate is 25%. Enterprise income tax is calculated according to the tax year, the tax year since the Gregorian calendar in January 1st to December 31st. Enterprise income tax to implement a monthly or according to the measures for collection of crop in advance, year end settlement, retreat more fill less, that is, the enterprises should since a month or quarter end up within 15 days, to the tax authorities submitted to the advance payment of enterprise income tax tax returns, tax paid in advance.
Enterprise shall, within 5 months after the end of each year, to the tax authorities to submit an annual enterprise income tax tax returns, and the final settlement settlement should be paid refundable tax.