BC Partners Consulting Limited

Based on PRC Company Law and PRC Accounting Law, each foreign-invested company, such as China Wholly Foreign Owned Enterprise (China WFOE or China WOFE) , Joint Venture (JV), Representative Office (RO or Rep Office) all required to do China company's accounting and bookkeeping on time. When to Apply for Tax Registration? Please note it that although China company’s business license, local tax certificate and national tax certificate have been combined into one. China companies should apply for tax registration within one month after the issue of the business license. When to Apply for General VAT Taxpayer or Small-scale VAT Taxpayer? Chinese enterprises shall apply for the general vat taxpayer or small-scale vat taxpayer application within one month from the date of applying for the tax registration. When to Start Filling Taxes? In the month of tax registration and taxpayer application. When to Do Company Annual Renew? Chinese companies should take part in the an...

Compared with the western countries' International Financial Reporting Standards (IFRS), China obeys its own Chinese Accounting Standards (CAS). Tax compliance could be a hurdle for major foreign enterprises when they intend to expand the Chinese market. To maximize the tax efficiency and save you significant time and money as well as the hassle of navigating the complete tax system, accounting firms - Business China provides total accounting outsourcing, bookkeeping, financial accounting, financial statement and tax compliance support services to safeguard your China expansion. Should you be interested in our services or have any questions, please email us and  we will get in touch with you as soon as we can. China Accounting Standards & Tax Compliance in China Have a Unders tanding of China Accounting Standards Given the differences between China and the western accounting standards, having a strong comprehend of the China accounting standards and system can ma...