China or Papua New Guinea: which taxes less?

Both tax systems side by side, headline rates and the gap between them.

Level pegging: China and Papua New Guinea weigh about the same on the taxpayer.

China

4.1/10

164th of 217

Tax China Papua New Guinea Gap
Corporate income tax headline rate 25% 30% −5.0 points
Personal income tax top bracket 3% to 45% 0% to 42% +3.0 points
VAT standard rate 13% 10% +3.0 points

Detailed schedules

Corporate income tax

China

General rate 25%
High-tech enterprises upon approval 15%
Small enterprises taxable profit up to 3 M CNY, until 2027 5%
Integrated circuit design and software after exemption period 10%

Papua New Guinea

Common law companies 30%
Banks and financial institutions 45%
Foreign non-resident companies 48%
See the China page See the Papua New Guinea page