China’s tax rate table for buying and selling Bitcoin

The following taxes are payable when buying and selling Bitcoin in China: Personal income tax: 20%; Value-added tax: 6%; Corporate income tax: 25%; Personal business income tax: 5%-35%; Stamp tax: 0.1%; Transaction Handling fees (varies by platform).

China's tax rate table for buying and selling Bitcoin

Buying and selling Bitcoin in China is an encrypted digital asset transaction and requires the payment of relevant taxes and fees. The specific tax rates are as follows:

Personal income tax

• Individuals who gain income from buying and selling Bitcoin need to pay personal income tax at a tax rate of 20%.

Value-added tax

• The Bitcoin trading platform provides matching transaction services to customers and must pay value-added tax at a tax rate of 6%.

Corporate Income Tax

• Enterprises engaging in Bitcoin transactions and obtaining income are required to pay corporate income tax at a tax rate of 25%.

Personal business income tax

• Individual industrial and commercial households engaged in Bitcoin transactions and obtain income need to pay personal business income tax, with a tax rate of 5%-35 %.

Other taxes

In addition to the above taxes and fees, it may also involve:

• Stamp tax: on the purchase and sale of Bitcoin Contracts are subject to stamp duty at a rate of one thousandth.
• Transaction fees: Bitcoin trading platforms charge users transaction fees, and the rates vary from platform to platform.

Note:

• The above tax rates are subject to current policies and may be adjusted in the future.
• You should accurately calculate the tax payable based on your own situation and transaction type.
• Before trading, it is recommended to consult the tax department or professionals to obtain accurate tax guidance.

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