The types of taxes that foreign investors may be involved with enterprise income tax, value-added tax, business tax, consumption tax, resource tax, city real estate tax, automobile and ship license tax, land value-added tax, stamp duty, butchery tax and individual income tax.

¢ñCompany Income Tax:
The company income tax of Sino-foreign joint ventures, cooperative management enterprises or foreign sole-proprietorship companies is 30% of the annual profit. Besides, a 3% local income tax is levied. If the companies are in the open zones of Liaodong Peninsula, or if foreign manufacturers invest them, the rate of income tax is 24%. For foreign investment manufacturers in the economic and technological development zones in Dalian,YingKou, Shenyang and other places., the income tax rate is 15%.
For foreign investment manufacturers with an operation period of more than 10 years, if approved, from the year the company starts to make profit, the income tax of the first and second year can be exempted, and that of the third to the fifth year can be deducted by half.For export half if within the year the output of export commodities account for more than 70% of the total output of the company, the income tax can be deducted , after the period of tax exemption and deduction according to the regulations.
For those companies categorized as advanced technology enterprises, the period for half income tax can be extended for three years.For the reinvestment of no fewer than five years by foreign investment companies with their profit, 40% of the tax levied on the income generated by the portion of the reinvestment can be refunded.
If the reinvestment is in an export company or advanced technology company with no less than five years, all the company income tax levied on the income generated by the portion of the reinvestment can be refunded, and if the profit is transferred abroad, the income tax of the amount transferred can be exempted.

¢ò.Value-added Tax:
Consumption Tax and Business TaxAccording to the regulations before the reform of the tax system, upon the sales revenue, retail revenue, the amount paid for import goods, the transportation and different types of service income, for foreign investment companies engaged in the manufacturing of industrial goods, a unified industrial and commercial tax at a set rate must all be levied. The lowest tax rate is 1.5% while the highest is 55% (not including cigarettes or wines).
On December 29,1993, the fifth session of the Eighth National People's Congress Standing Committee Conference passed the resolution as followed: Before the tax law concerned is enacted, from January 1,1994, all foreign investment companies should follow the provisional regulations of value-added tax, consumption tax and business tax issued by the State Council.
The original trial unified industrial and commercial tax is simultaneously abolished. For companies within an operation period (no longer than five years) and approved before December 31,1993 the extra tax collected according to extra taxable items should be refunded.
For companies without an operation period, with the application by the companies and the approval of the tax bureau, within the period of five years at the most, the extra tax colleted according to extra taxable items should be refunded. The State Council provides the specific methods.
Except for value-added tax, consumption tax and business tax, all other types of taxes with which foreign investment companies are concerned, if there are certain terms in the law, they should be levied according to the law, otherwise, they should be levied according to the regulations set by the State Council.