China’s Tax System vs. India’s Tax System
Overview of China’s Tax System vs. India’s Tax System Overall Structure Framework India: Federal dual-tax model, Center + state powers, and Multi-layer compliance ecosystem China: Centralized unitary system, uniform enforcement, and Simplified framework Both countries divide taxes into the following: Direct Taxes: Income-based (Corporate Income Tax & Individual Income Tax) Indirect Taxes: Transaction-based (Goods and Services …