Graph of Chinese Tax System(by budgetary level)

Graph of Chinese Tax System(by budgetary level)

Notes：

1．The sharing taxes are divided between the Central Government and the local governments as follows：

1) VAT (excluding the part collected by the Customs on behalf)：75% for the Central Government，25% for the local governments (on base)．

2) Business Tax and City Maintenance and Construction Tax：the part paid by the railway department，the headquarters of various，banks and the headquarters of various insurance companies belongs to the Central Government and rest belongs to the Local Governments．

3) Enterprise Income Tax，Enterprise Income Tax on the enterprises with foreign investment and foreign enterprises：except for the part belonging to the Central Government as ruled，60% of the rest is shared by the Central Government and 40% by the Local Governments．

4) Individual Income Tax：the Central Government and the Local Governments share 60% to 40 %．

5) Resource Tax：the part paid by the offshore oil enterprises to the Central Government (not levied for the time being)，and the rest to the Local Governments．

6) Stamp Tax：97% of the Stamp Tax on securities transactions to the Central Government，and 3% of the Stamp Tax on securities transactions and the rest to the Local Governments．