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Overview of Tax in ChinaAs one of the largest markets in the world,Website:http://www.chinalegalexpress.com, China is attracting increasing global investors.  In order to run your business in the most efficient manner, you should understand the potential tax costs that would incur before incorporating a China company such as a WOFE, and needless to say, after your China company has been established. An overview of major taxes applicable to foreign investors are listed as follows:Tax on income?Corporate income tax ("CIT"): the standard tax rate is 25%, but if your company is engaged in High Tec