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(1) Taxpayers
This tax is imposed on enterprises, units, individual household
businesses and other individuals who invest into fixed assets within
the territory of the People's Republic of China (excluding enterprises
with foreign investment, foreign enterprises and foreigners).
(2) Taxable items and tax rates
Table of Taxable Items and Tax Rates
| Taxable Items |
Tax Rates |
| A .Infrastructure 1.
State urgent projects 2. Projects
encouraged by the State but restricted by the condition of transportation
and energy 3. Office buildings,
hotels and guest houses 4. Residential
buildings (including commercial residential buildings) 5.
Other |
0% 5% 30% 0%,5% 15% |
| B. Renewal and transformation
projects 1. State urgent projects (same as infrastructure) 2.Other
renewal and transformation projects * |
0% 10% |
(* For some residential building investment projects, the rate is
5%.)
(3) Computation of tax payable
This tax is based on the total investment actually put into fixed
assets. For renewal and transformation projects, the tax is imposed
on the investment of the completed part of the construction project.
The formula for calculating the tax payable is:
Tax payable - Amount of investment completed or amount of investment
in construction project กม Applicable rate
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