Personal Income Tax Rate in China remained unchanged at 45 percent in 2020 from 45 percent in 2019. source: State Administration of Taxation

Personal Income Tax Rate in China is expected to reach 45.00 percent by the end of 2021, according to Trading Economics global macro models and analysts expectations. In the long-term, the China Personal Income Tax Rate is projected to trend around 45.00 percent in 2022, according to our econometric models.

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China Personal Income Tax Rate

China Last Unit Reference Previous Highest Lowest
Corporate Tax Rate 25.00 percent Dec/21 25.00 33.00 25.00
Personal Income Tax Rate 45.00 percent Dec/21 45.00 45.00 45.00
Sales Tax Rate 13.00 percent Dec/21 13.00 17.00 13.00
Social Security Rate 48.00 percent Dec/20 48.00 48.00 48.00
Social Security Rate For Companies 27.00 percent Dec/21 37.00 37.00 27.00
Social Security Rate For Employees 11.00 percent Dec/20 11.00 11.00 11.00

China Personal Income Tax Rate
In China, the Personal Income Tax Rate is a tax collected from individuals and is imposed on different sources of income like labour, pensions, interest and dividends. The benchmark we use refers to the Top Marginal Tax Rate for individuals. Revenues from the Personal Income Tax Rate are an important source of income for the government of China.