Please list the various types of taxes that may come into question regarding foreign invested enterprises in China.
1. Value added tax: occurs for example when sales proceeds are received or taxpayers declare imported goods at customs.
2. Consumption tax: the obligation occurs on various dates such as the date of receiving sales proceeds in the sales contract in the case of account sales; date of shipment when sales proceeds have been received in advance; date of importation when tax payers import goods. 3. Resource tax: a tax that occurs when goods are shipped or income is received. 4. Stamp duty: the obligation occurs when a contract is signed or a certificate received. 5. Foreign invested entity income tax: the tax is calculated on an annual basis but should be paid in advance quarterly within 15 days and should be declared within five months after the end of every year. 6. Individual income tax (IIT): Employers will be the withholders of IIT, if such a withholder is not available the individual should report in person. The tax should be paid and reported within the first seven days of every month. 7. Vehicle tax: should be paid by the period as required by the local government, usually per quarter or half year. 8. Building tax: should be paid as required by the local government, usually per quarter or half year. 9. Land value added tax: should be reported to the tax authority and property certificates should be provided, as well as land use certificates, sales contracts, valuation reports and other relevant information.
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