2. Consumption tax. Consumption tax, that is, value-added tax, is levied at the rate of 5% according to the price of goods. In the first two years of company registration, you can apply for consumption tax reduction and exemption according to conditions.
3. Local taxes (business tax and resident tax). Local taxes are divided into business tax and resident tax. The local tax shall be paid according to the profit tax of the enterprise at the ratio of 1.2%-4%.
4. Branches that do not need independent accounting. For branches, independent accounting is not required. Corporate tax is based on the capital of the head office of the company, and the tax can be taken back to China for tax refund.