Do property companies have to pay income tax when collecting water and electricity charges?

Yes According to Article 47 of the Individual Income Tax Law of People's Republic of China (PRC), personal income tax is levied on wages, salaries and labor remuneration obtained by individuals according to the statutory tax rate, and the collection and payment of utilities by property companies is a kind of labor remuneration. Property companies need to withhold and remit the personal income tax on water and electricity charges in accordance with the provisions of the individual income tax law.