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Preferential Taxation Policies in Shanghai

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     Tax refund is the mainly preferential taxation policies in Shanghai, that is to say the local financial department will refund the certain portion of tax to enterprises. There is a big difference between downtown and suburban areas in Shanghai.

 After the tax is levied, it flows into the finance departments with different levels. The state level obtains some portions and the local level gets the left portions.

 

1.Tax Shares

Country/ District

Value Added Tax

Business Tax

Income tax

the state financial department

75%

0%

60%

localprovince/ municipalfinancial department

25%

100%

40%

 

2.Tax Shares in Shanghai

 

Districts

Municipal Financial Department

District Financial

Department

Development Area Financial Department

Chongming

0%

20-30%

70-80%

Other suburban districts

40%

20-30%

30-40%

downtown area

40%

20-30%

30-40%

 

3.Tax Refund for Companies in Shanghai.

refund 

District

Value Added Tax

Business Tax

Income tax

the highest refund

Chongming District

Up to 10% or  more

more than 45%

more than 18%

Medium refund

Jinshan District and Fengxian District

6-8%

15-30%

10-18%

the lowest Refund

Downtown areas

1.5-4%

6-15%

2.4-6%


  Above refund percentage is based on actual paid tax. For example, if one company’s Business Tax/Value Added Tax is 1000,000 RMB, then this company can obtain refund tax as follows:

 

District

Value Added Tax

Business Tax

Income tax

Chongming District

more than100000 RMB

more than450000RMB

more than180000RMB

Jinshan District and Fengxian District

60000-80000RMB

150000-300000RMB

100000

-180000RMB

Downtown areas

15000-40000RMB

60000-150000RMB

24000-60000RMB

  Remark:

  1.If some local development zone promises you will get “refund tax from local Income tax”, you should know this is a vague answer. They may only could refund you the portion belonging to them.

  2. The development zone will refund tax to company directly on Quarterly/semi-annual/ annual.

  You can get in touch with Cindy Zhang for more details(Email:cindy@lawyershanghai.net)


15-30%

10-18%

the lowest Refund

Downtown areas

1.5-4%

6-15%

2.4-6%


  Above refund percentage is based on actual paid tax. For example, if one company’s Business Tax/Value Added Tax is 1000,000 RMB, then this company can obtain refund tax as follows:

 

District

Value Added Tax

Business Tax

Income tax

Chongming District

more than100000 RMB

more than450000RMB

more than180000RMB

Jinshan District and Fengxian District

60000-80000RMB

150000-300000RMB

100000

-180000RMB

Downtown areas

15000-40000RMB

60000-150000RMB

24000-60000RMB

  Remark:

  1.If some local development zone promises you will get “refund tax from local Income tax”, you should know this is a vague answer. They may only could refund you the portion belonging to them.

  2. The development zone will refund tax to company directly on Quarterly/semi-annual/ annual.

  You can get in touch with Cindy Zhang for more details(Email:cindy@lawyershanghai.net)

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