BC Partners Consulting Limited

One inevitable license should be applied for your trading company in China is the China Import Export License.  The most common investing vehicle foreign investors in trading industry adopts in China is the Trading WFOE (Wholly Foreign Owned Enterprise).  Import export license refers to the qualification of import and export enterprises to carry out the import and export business. The application for import and export right needs to pass a complicated examination and approval process.  China Trading Company's Certificate of Approval When a foreign-invested enterprise is established, it shall be examined and approved by the business department. The Certificate of Approval for China company incorporation is the first license should be issued as part of the Import Export License. China Trading Company's Customs Declaration Unit Registration Certificate Trading WFOE must apply for the qualification of customs clearance. Registering with the customs is t...

To further standardize the VAT invoice management, optimize the tax service and meet the needs of the taxpayers, notice on the Management of VAT General invoices hereby announced as follows: First, Adjust VAT general invoice's (folding invoice) invoice code The invoice code for the general VAT invoice (folding invoice) is adjusted to 12 digits with encoding rules: 1 to 0, 2-5 stands for the provinces, autonomous regions and municipalities directly under the central government and cities under separate state planning, 6-7 stands for the year, 8-10 stands for the batch, 11-12 stands for invoice types and sheets, including 04 stands for two-sheets general VAT invoices (folding invoice), 05 stands for five-sheets general VAT invoices (folding invoice). The VAT general invoices (folding invoice) of 10 digits invoice code that in tax authority's inventory or with the taxpayer can continue to use. Second, General VAT invoices printed with the name of the company (folding in...

China adopts the system of “control tax-collection by invoices”, in other words, china controls tax payment by means of tracking official invoices. China invoices (Fapiao) have the same templates and must apply from the tax bureau. China Tax Invoice (Fapiao) can be divided into two types of Fapiao--- General VAT Invoice (Fapiao) and Special VAT Invoice (Fapiao). Only the latter can be used for tax deduction and can only be applied from the general tax payer (status). Each establishment will be Small-Scale Taxpayer when it is established and can be upgraded to General VAT Taxpayer. China Invoice is an indispensable part of tax compliance in China. We offer total accounting, bookkeeping, financial statement and tax compliance support services to safeguard your China expansion with a professional online team and quick-responsed local team to manage your Chinese Invoice (Fapiao). Should you be interested in our services, you can email to us and we will get in touch with you as soo...