The difference between enterprise income tax, consumption tax and value-added tax lies in their tax systems and taxpayers.
Enterprise income tax is a kind of income tax levied on the production and operation income and other income of enterprises and other income earning organizations in China.
Consumption tax is a kind of turnover tax levied on units and individuals engaged in the production and import of taxable consumer goods as stipulated in the tax law in China, and an in price tax is applied.
Value added tax is a kind of turnover tax levied on the basis of the value added of commodities in the circulation process, and it is an extra price tax.
The taxpayers of enterprise income tax are enterprises and other organizations that obtain income within the territory of the People's Republic of China. The taxpayers of consumption tax are the units and individuals that produce, process, retail and import taxable consumer goods specified in the Provisional Regulations of the People's Republic of China on Consumption Tax within the territory of China. VAT payers are units and individuals that sell goods or provide processing, repair and replacement services and import goods in China.
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