Taxes on income, profits and capital gains reached 2,477 CNY bil in 2016 in China, according to the National Statistical Office. This is 8.59 % more than in the previous year.
Historically, taxes on income, profits and capital gains in China reached an all time high of 2,477 CNY bil in 2016 and an all time low of 446 CNY bil in 2005. When compared to China's main peers, taxes on income, profits and capital gains in Japan amounted to 31,216 JPY bil, -351 RUB bil in Russia and 1,897 UYU bil in USA in 2016.
China has been ranked 15th within the group of 109 countries we follow in terms of taxes on income, profits and capital gains, 2 places above the position seen 10 years ago.
Taxes on income, profits, and capital gains are levied on the actual or presumptive net income of individuals, on the profits of corporations and enterprises, and on capital gains, whether realised or not, on land, securities, and other assets.
|Taxes on Income, Profits and Capital Gains (Local Currency)||Unit||2009||2010||2011||2012||2013||2014||2015||2016||2017|
|South Korea||KRW bil||87,161||94,326||94,338||99,139||108,950|
|Sri Lanka||SKR bil||157||173||206||198||263|