Together with looking at income taxes for individuals, we will also focus on other forms of tax, including for businesses.
This article shouldn’t be considered as tax advice, but it is correct as far as we are aware at the time of writing.
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China’s population is nearly 1.4 billion. It is logical to conclude that one of the main sources of income for the state treasury is tax revenues.
In the People’s Republic of China, tax payments are the main source of income for the state treasury.
This is not surprising at all, given the fact that by 2017, China’s population had grown to almost one and a half billion people.
Taxes in China must be paid not only by citizens of the country, but also by migrants who have come there to work.
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