[Tax Service Online] - the Horizontal Networking among Finance Departments, Taxation Authorities, the Treasury and Commercial Banks for the Electronic Payment of Tax Revenues to the Treasury - The Joint Tax Registration by the State Taxation Bureau and the Local Taxation Bureau - the Spring Breeze Campaign for More Convenient Taxation Services - Protection of the Rights and Interests of Taxpayers

1. Asia Matters
Ireland China Business Summit
8 July 2015
Radisson Blu Royal Hotel, Dublin
‘The Role of Twin Cities in
Driving Business Partnerships’

2. 8 July 2015
Radisson Blu Royal Hotel, Dublin
Update on Key Incentives
for High-Tech Industry
Zhu Yuanguang
Deputy Director of Beijing Municipal
Local Taxation Bureau Policy

3. Yuanguang Zhu
Deputy Director of Beijing
Local Taxation Bureau
Tax Policy Update on Key Incentives for High-tech Industry

4. Overview
Political Centre
Cultural Centre
International Communication Centre
Technology Innovation Centre

5. 1 Tax Revenue of Beijing
2014
Tax-registered entities ：1.36 million
Tax revenue ： RMB 1132 billion

6. 【
TaxRevenue
】62%
29%
9%
The Proportion of Tax Revenue by Tax Categories
Income Tax Goods and Service Tax Property and Behavior Tax

7. 【
TaxRevenue
】
The Decisive
Role of Market
in the Allocation
of Resources

8.  Tax Service Online
 the Horizontal Networking among Finance Departments、 Taxation
Authorities、 the Treasury and Commercial Banks for the Electronic
Payment of Tax Revenues to the Treasury
 The Joint Tax Registration by the State Taxation Bureau and the Local
Taxation Bureau
 the Spring Breeze Campaign for More Convenient Taxation Services
 Protection of the Rights and Interests of Taxpayers
【
TaxRevenue
】

9. 【
TaxRevenue
】

10. 2 Introduction on Preferential Tax Policies
 The Common Preferential Tax Policies
in China
 The Unique Preferential Tax Policies
in Beijing

11. 【
TaxReductionandExemption
】
 The tax reduction and exemption amount
totaled RMB 48.9 billion in 2014
 Among them, tax cut of RMB 22.1 Billion for high-
tech enterprises accounted for 45% of the total tax
reduction and exemption
 The export tax refund reached RMB 25.9
billion

12. 【
EnterpriseIncomeTax
】
The Common Preferential Tax Policies in China

13. 【
IndividualIncomeTax
】
The Common Preferential Tax Policies in China
The prizes in special fields,
such as science, education,
technology and health care,
which are rewarded by provincial
or higher level department of
Chinese government and by
international organizations, can
be exempted from individual
income tax.

14. 【
ZhongguancunScienceDemonstrationPark
】
The Unique Preferential Tax Policies in Beijing
Expanding the scope of additional
deduction for R&D includes five social
insurance and one housing fund of research
persons, the charge of operation and
maintenance of the equipment dedicated to
R&D and so on.
The employee education expenditure
which does not exceed 8% of the total wages
can be deducted. (the standard deduction
percentage is 2.5%)

15. 【
ZhongguancunScienceDemonstrationPark
】
The Unique Preferential Tax Policies in Beijing
When the high-tech enterprises reward their
employees with shares, the individual income tax
could defer payment until actually receiving
dividends or transferring shares.
When high-tech enterprises transfer
undistributed profit, surplus reserves and capital
reserves to individual shareholders, the individual
shareholders can pay the individual income tax by
installments in no more than 5 years .

16. 3 Double Taxation Agreement between China and
Ireland

17. 【
DoubleTaxationAgreement
】
AGREEMENT BETWEEN THE GOVERNMENT
OF THE PEOPLE'S REPUBLIC OF CHINA AND THE
GOVERNMENT OF IRELAND FOR THE AVOIDANCE
OF DOUBLE TAXATION AND THE PREVENTION OF
FISCAL EVASION WITH RESPECT TO TAXES ON
INCOME TAKE EFFECT ON 1ST JAN, 2001.
Ireland’s enterprises invest in China and
pay income tax at a 5% withholding enterprise
income tax rate and enjoy 10% withholding
enterprise income tax rate when they obtain
interest and royalties income from China.

18. 【
Sincereinvitation
】
We will provide the best
quality and the most
convenient tax service.Let us
work and win the future
together!
Welcome to Beijing!

19. Thank You !