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Frequently Asked Questions
Wholly Foreign Owned Enterprises (WFOE)
A Wholly Foreign Owned Enterprise (WFOE) is a Limited Liability Company established in China by foreign investor(s). A WFOE is very much like a LLC in the USA that it requires one member only.
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The registration procedures of a Wholly Foreign Owned Enterprise (WFOE) could be divided into 3 phases: aproval phase, registration phase and post-establishment phase.
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A Wholly Foreign Owned Enterprise (WFOE) could be terminated by way of liquidation or deregistration by its investor(s) or when the conditions of termination in its Articles of Association occurs.
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China Taxation
Under the current tax system in China, there are 25 types of taxes which could be divided into 8 categories. The major ones are Business Tax, Value Added Tax and Enterprise Income Tax. More
Representative Offices are also liable for Business Tax and Enterprise Income Tax. However, a RO could be exempted if its parent company is in the manufacturing business.
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Any individual who has domicile in China or who has no domicile in China but has resided in China for one year or more shall pay Individual Income Tax on his world-wide income.
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CHINA TAXATION LAWS


China Tax Laws, Rules and Regulations

An Introduction to the Amendments of Individual Income Tax Law of the People’s Republic of China
Individual Income Tax Law of the People's Republic of China
Detailed Rules for Implementation of the Individual Income Tax Law of the People's Republic of China
Detailed Rules for the Implementation of the Income Tax Law of the People's Republic of China on Enterprises with Foreign Investment and Foreign Enterprises
Income Tax Law of the People's Republic of China on Enterprises With Foreign Investment and Foreign Enterprises
Revised Law of the People's Republic of China Concerning Tax Collection and Tax Administration
Detailed Rules for the Implementation of the Provisional Regulations of the People's Republic of China on Value-Added Tax
Detailed Rules for Implementation of Provisional Regulations of the People's Republic of China on Stamp Tax
Provisional Regulations of the People's Republic of China on Stamp Tax
Detailed Rules for the Implementation of the Law of the People's Republic of China on the Administration of Tax Collection
Provisional Regulations of the Peoples Republic of China on Value-Added Tax
Provisional Regulations on Levying the Educational Fee Supplement

 

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