3%~5% of the
contract price (The contract tax ratio is 3% currently
in Shanghai Municipality)
Notarization
fee
0.01%-0.3%
Registration
fee
0.1%-0.05%
Telecommunication
ISDN-RMB35/monthly
rental RMB0.11 /minute
ADSL-RMB2500
/month
＊For the cost
of public utilities, the investors may individually
negotiate with respective utilities companies and
sign the agreement with them for the supply of utilities.
Cost of Labor：
Monthly wage
of the operators
RMB1000~1500
The average
lowest wage in Shanghai
RMB535
Payment rate
of old age insurance
25.5%
Payment rate
of medical insurance
12%
Payment rate
of layoff fund
2%
Payment rate
of housing allowance fund
7%
Upper limit
of employees' monthly payment of the above four
funds in 2002
RMB 4440 Yuan
Lower limit
of employees' monthly payment of the above "four
funds" in 2002
RMB 888 Yuan
Calculation
Formula for Individual Income Tax:
Tax payment = (total income - legal exemption items -
regulatory deductions)*tax rate - fast deductible amounts
Where: Legal exemption items normally refer to the "four
funds" and the regulatory deductions to be 1,000 RMB Yuan
in Shanghai Municipality.
Level
Tax Payment
(RMB Yuan)
Tax Rate
Fast deductible
amounts (RMB Yuan)
Level 1
less than 500
5%
0
Level 2
500-2000
10%
25
Level 3
2000-5000
15%
125
Level 4
5000-20000
20%
375
Level 5
20000-40000
25%
1375
Level 6
40000-60000
30%
3375
Level 7
60000-80000
35%
6375
Level 8
80000-100000
40%
10375
Level 9
more than 100000
45%
15375
Headquarters ：18F No.201
Mu Hua Road,Shanghai Zip：201507
Tel ：86-21-67120000 Fax ：86-21-67122222
Representative office ：No.10 Lane 18 Gao An Road,Shanghai Zip：200030
Tel：86-21-64713298 Fax：86-21-64713301
Web:www.scip.com.cn E-mail:business@scip.com.cn
