Personal studio tax standard

Individual studios are required to pay personal income tax of 3.5% (20% for enterprises), value-added tax of 3% (only after reaching the threshold) and additional tax of 0.3% (only after sales or turnover reaches the threshold). The tax verification of individual studios can apply for verification and collection. Tax standard for individual studios Individual studios need to pay personal income tax of 3.5% (20% for enterprises), value-added tax of 3% (only after reaching the threshold) and additional tax of 0.3% (only after sales or turnover reaches the threshold). The tax verification of individual studios can apply for verification and collection.

Legal basis of personal studio tax payment standard

Article 4 of the Enterprise Income Tax Law

The corporate income tax rate is 25%. The tax rate applicable to non-resident enterprises obtaining the income specified in the third paragraph of Article 3 of this Law is 20%.

Article 5 of the Enterprise Income Tax Law

Taxable income is the total income of an enterprise in each tax year, after deducting non-taxable income, tax-free income, various deductions and losses allowed to make up in previous years.

Article 28 of the Enterprise Income Tax Law

Small and low-profit enterprises that meet the requirements shall be subject to enterprise income tax at a reduced rate of 20%. High-tech enterprises that need special support from the state shall be subject to enterprise income tax at a reduced rate of 15%.