Rental income from properties owned by non-resident foreign investors are subject to the following taxes: -
Type of tax Rate
Income tax 20% on rental income
Business tax 5% on rental income
City property tax 18% on rental income
TAXATION ON REPRESNETATIVE OFFICES
A representative office (RO) achieves the purposes that a foreign investor could establish a PRC presence in a relatively short time period and that the foreign investor is not required to make any commitment to bring in capital either in cash or in kind. Furthermore, the fact that an RO’s approval certificate can be valid for a one-year period provides for an exit option for the foreign investor to test the water.
Enterprise Income Tax Law of the People’s Republic of China
Order of the President of the People’s Republic of China
(No. 63)
The Enterprise Income Tax Law of the People’s Republic of China, which was adopted at the 5th Session of the 10th National People’s Congress of the People’s Republic of China on March 16, 2007, is hereby promulgated and shall come into force as of January 1, 2008.
THIS AGREEMENT OF LEASE is made on this 16th day of December 2003 by and BETWEEN:-
Mrs. Ghazala Waheed w/o Abdul Waheed, Adult, R/o House No. DHA, Lahore Cantt, (hereinafter to as the LESSOR of the ONE PART).
And
Mr. ,R/o China, refereed to as the LESSEE of the OTHER PART.(Expression “LESSOR”
and “LESSEE” wherever the context so permit shall always mean and include their respective heirs, successors legal representative and assignees).
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