How are taxes classified in China?
Under the existing taxation system in China, taxes are classified into three categories on the basis of revenue ownership and right of tax levying and administration, namely central taxes, local taxes and central-local sharing taxes. Central taxes are collected by state tax bureaus; local taxes by local tax bureaus; and central-local sharing taxes by state tax bureaus all at various levels for turning over to the State Treasury before the portions due to the local governments are refunded.
Back
