After the presentation of the budget in India, there is a discussion about tax from the Parliament to the streets. But do you know how many types of taxes are levied in other countries apart from India? Today we will tell you about India’s neighboring country China. In terms of population, China is now second after India. In such a situation, it is very important to know how many types of taxes the government there collects from the public.
Budget
Opposition parties are continuously protesting after the central government’s finance minister Nirmala Sitharaman presented the budget. But do you know how many types of taxes are collected by the government in India’s neighboring country China. Let us tell you that in China too, taxes are collected from the general public at three levels. In this, some taxes are collected by the central government, some by the provincial government and some by the local authority. According to reports, more than 14 types of taxes are collected in China. Which includes VAT, business tax, income tax. Let us tell you that this tax system of China is almost similar to India. Because in India, taxes are collected by the local, state and central government."text-align: justify;">Let us tell you that Value Added Tax (VAT), Consumption Tax (CT), Business Tax (BT), Corporate Income Tax are collected by the Central Government. Apart from this, Individual Income Tax (IIT), Resource Tax (RT), Urban Construction Tax (UMCT), Land Value Tax (LVAT), Deed Tax and Stamp Tax are collected under CIT.
Provincial Tax
Now the question is what is provincial. Let us tell you that just like there are different states in India, there are different states in China. The government of these states is called Provincial Government. The head of the state is the Governor here. In China, Provincial Education Surcharge, Provincial Water Resource Tax, Provincial Land Appreciation Tax are levied by the provincial governments.
Local Tax
Let us tell you that in China, the local administration also collects taxes from the common people according to the cities. These taxes include local education surcharge, local water resource tax, local land appreciation tax, property tax, urban construction tax etc. Apart from this, custom duty, excise duty, land use tax, house property tax, farmland occupation tax, vehicle tax are also collected by the government.
Tax even on keeping a dog
Many other types of taxes are also levied in China. Many taxes are also levied in the name of environmental protection. For example, furniture tax is levied here to reduce wood waste. Apart from this, the owners of dogs who keep them in their homes have to pay tax to the government. Bicycle tax, TV tax, disco tax, salt tax are also levied by the Chinese government.
Taxes on staying in China
People who go to China for tourism also have to pay tax. Actually, only 2-3 percent of the population of China pays tax. In such a situation, the government collects tax in different ways to increase its income. Let us tell you that if a foreign citizen visiting China stays in China for more than 183 days, then all his income comes under the purview of tax. Apart from this, Chinese citizens living abroad also have to pay tax.
