The current income tax rate for domestic and foreign-funded enterprises is 33%. A preferential tax rate of 24% and 15% is applied to some foreign-funded enterprises and 27% to domestic low-profit enterprises. To set the tax rate of the Enterprise income tax Law (draft) at 25% is to reduce the tax burden on domestic enterprises and to control the reduction in fiscal revenue within an affordable range, and to consider the tax rates of the international community, especially those of neighboring countries (regions). The average tax rate of 159 countries (regions) that implement enterprise income tax is 28.6%, while the average tax rate of 18 countries (regions) around China is 26.7%. The new tax rate is moderately low internationally, which is conducive to improving the competitiveness of enterprises and attracting foreign investment.
passage?
New measures of tax rate: from internal and external differences to equal treatment.