How to Navigate China's Accounting and Bookkeeping - China's Accounting Services & Bookkeeping Services

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 annual business inspection, i.e. company annual renew between March 1st and June 30th next year.

What is Fine for Delaying Payment?

Fine for delaying payment is a tax payable to a taxpayer who pays the tax on a delay in accordance with the provisions of the tax law. This is an economic sanction against tax payers. In the tax code of all countries, the sanction of overdue fine is generally stipulated.

As an accounting firms, we have a team of professionals with diversified backgrounds to help you to keep compliant with China Accounting Standards (CAS). You will have direct access to qualified accountants who understands your business all the time.

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China Trading Company

As world factory, “made-in-China” enjoys a worldwide popularity. with a trading company, you will enjoy a legitimate status to sign business contract under the protection of Chinese law, have the legal right to employ staffs and buy social insurances especially for Chinese employees who want to buy an property later in China. Set Up Your Own Foreign Trading Company in China As world factory, “made-in-China” enjoys a worldwide popularity. You may be thinking about setting up your own trading company after seeing all the opportunities or starts from China mainland when you handling business under individual way for some time. Any benefits or risks if you want to set up a trading company? Setting up a foreign trading company in China, you will enjoy a legitimate status to sign business contracts under the protection of Chinese law, have the legal right to employ staffs and buy social insurances especially for Chinese employees who want to buy a property later in China. ...

Company Incorp

China WFOE WFOE is the most common and acceptable business structure for major business. The registered capital of a WFOE should be subscribed and contributed solely by foreign investor(s). With a WFOE incorporated in China does not mean you can engage in any kinds of business activities, as is the case in HK and some Western countries. WFOE can only operate under the business scope approved by Chinese authorities. If the WFOE trades, wholesales, retails or franchises, we call it a Trading WFOE; if it manufactures, a manufacturing WFOE. If the WFOE implement consulting and advisory business, it is called a Consulting WFOE. If it provides food and beverage, a F&B WFOE. Joint Venture When two or more parties jointly invested & owns a stake respectively and share profits, operation expenses, risk and control of the company, we call it a Joint Venture (JV). Representative Office Although RO is generally agreed as the easiest entity for foreigners to f...

Payroll Service

Payroll procedures and regulations vary greatly in each country. We are there to guide you through the different rules and regulations, and to deliver on your behalf a smooth payroll service to all of your international employees. Salary Payment Transfer net pay electronically to employees' bank accounts Individual income tax calculation: Deduct and pay individual income tax to designated government agencies for employees Handle individual income tax filings in compliance with government regulations Employing staff in China must obey China’s new labor contract law, which came into effect in the year of 2008 and revised several times later. Business China offers customized and cost-effective payroll management solutions for foreign SMEs or start-ups all over Mainland China. Company Type for payroll services: WFOE (Wholly Foreign Owned Enterprise) JV (Joint Venture) RO (Representative Office) Checklist for payroll service: Payroll proc...

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