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Tax requirements for opening a factory in Changzhou
To open a factory, you have to pay value-added tax, urban construction tax, education surcharge, enterprise income tax, urban land use tax, etc.

Value-added tax 17% for general taxpayers and 3% for small-scale taxpayers shall be declared and paid monthly. Urban construction tax is 7% in urban area, 5% in county, and other 1%, which is declared and paid monthly. The surcharge for education is 3%, which is declared and paid monthly. The local education surcharge is 2%, which is declared and paid monthly. Enterprise income tax is 25%, which is declared quarterly, paid in advance and settled at the end of the year. Urban land use tax rate shall be paid by annual installments.

Value-added tax, urban construction tax, education surcharge and personal income tax are equal to the next month 10 day, which is the deadline for payment. The deadline for payment is the last day, and in case of rest day, it will be extended by one day. In case of long holidays, Spring Festival, May Day and Eleventh will be postponed according to rest days.