This is a beta course, so its structure, chapters, and examples may continue to change.
Other Common Taxes
These taxes come up less often, but you will meet them when buying property, trading, or raising and investing money, so it is worth having the concept in mind.
- Stamp duty: levied on economic contracts, documents transferring ownership, and the like; it is common in equity transfers and property purchase contracts.
- Deed tax: paid when a property transfer is registered; the rate depends on the nature of the property, whether it is a first or second home, and other factors.
- Property tax / urban land use tax: paid as required or piloted in some regions, and it applies to the holding stage.
- Resource tax and environmental protection tax: relevant to resource extraction and pollution-emitting businesses.
- Vehicle and vessel tax: the annual tax on vehicles and vessels, usually collected on behalf of the tax authority by insurers.
- Before a transaction, find out the tax rate and the payment deadline for the corresponding tax, so that your cash flow plan does not go wrong.
- For transfers of equity or property, consider the combined impact of stamp duty, deed tax, and individual or corporate income tax.
- Certain industries (energy, chemicals, manufacturing) have to pay extra attention to resource tax and environmental protection tax compliance.