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Comparison of Tax Rates between India and China

Comparison of Tax Rates between India and China

The table compares the major headline tax rates between China and India

Q&A

What are the major taxes that are most relevant to foreign-invested entities in ...

What are the major taxes that are most relevant to foreign-invested entities in ...

The major taxes are as follows: Corporate income tax Dividend distribution tax Minimum alterative tax Value-added tax Central sales tax Goods and services tax Customs duty Excise duty (CENVAT) service tax Capital gains tax Wealth tax Wit...

Q&A

How is corporate income tax levied under Indian laws?

How is corporate income tax levied under Indian laws?

Corporate income tax is levied against the income or profit made by a corporation in accordance to Income Tax Act. There is the divsion between domestic and foreign corporations, where all foreign-invested corporations, except liaison offices (since ...

Q&A

What is dividend distribution tax under Indian law?

What is dividend distribution tax under Indian law?

It is a tax levied when dividend is distributed and against the distributing company, not its shareholders and the tax rate is 16.22 percent.

Q&A

What is the minimum alternative tax under Indian law?

What is the minimum alternative tax under Indian law?

It is a tax that is levied to company that has adjusted booked profit that amounts to less than 18 percent. The tax rate is 18.5 percent plus education cess and surcharge.

Q&A

How is value-added tax levied under Indian law?

How is value-added tax levied under Indian law?

Value-added tax is levied on most types of goods t 12.5 percent. There are alternative rates, such as four percent and one percent, given certain requirements are met. However, there is no such tax on import and the rate on export is zero. Also, for ...

Q&A

What is central sales tax under Indian law?

What is central sales tax under Indian law?

Central sales tax is a tax that is applicable to goods that are traded interstate. Thus, if registered dealers buy and sell goods for the purpose of trading, or for the sake of manufacturing inputs or other specific activities, then the tax will be a...

Q&A

What is custom duty under Indian law?

What is custom duty under Indian law?

Custom duty is applicable to goods imported into or exported from India. The normal rate is ten percent of the transaction value of the im-/exported goods. Also, an extra two percent of education charge is normally levied on the transaction amount of...

Q&A

What is central value-added tax under Indian law?

What is central value-added tax under Indian law?

Central value-added tax is levied on production or manufacturing of moveable goods. It comes at a rate of ten percent, with a maximum of 12 percent. The classification of which rate is applicable is to be found in Central Excise Tariff Act.

Q&A

What is wealth tax in Indian tax system?

What is wealth tax in Indian tax system?

Wealth tax is charged annually at a rate of one percent on individuals and companies with over INR 3 million in non-productive assets.

Q&A

What is withholding tax in India?

What is withholding tax in India?

Withholding tax is one that is applied when the income is paid to outside India, which is also applicable if the payment is made to non-residents. When an income is paid out of India, the person responsible for payments to non-resident should deduct ...

Q&A

What is the relationship between Indian personal income taxation and residential...

What is the relationship between Indian personal income taxation and residential...

Indian personal taxation functions on two premises: income source and residential status. Residential statuses include: resident and ordinarily resident, resident but not ordinary resident or non-resident. An individual is said to be resident in Ind...

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