Tax, Accouting and Audit in China 2019-20

6 Tax, Accounting, and Audit in China 2019-20 (11th Edition) Table of Contents Preface 03 Part 1 | China’s Tax System 08 A brief history 09 Legislative organs 10 Tax administration 11 Part 2 | China’s Business Taxes 13 Corporate income tax 14 Value-added tax 32 Consumption tax 60 Customs duties 65 Other taxes 70 Part 3 | Individual Income Tax (IIT) 84 IIT reform 85 IIT taxpayers and their liability 87 IIT taxable income and tax rates 91 IIT deductions 95 IIT calculation 102 IIT on lump-sum bonuses 105 IIT declaration and IIT filing 107