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China Company Bookkeeping and Tax Filing

Updated:2018-12-17 10:53:00    Source:www.tannet-group.comViews:276

China company bookkeeping and tax filing is one of the important legal compliance that enterprise and business owners need to comply with after company establishment. The accounting system and tax filing rules are different from that of western countries. Therefore, you are suggested to outsource your bookkeeping and tax filing to a professional accounting firm or service agency. Tannet has 19 years of experience in serving cross-border companies and foreign investors, we provide all the services that you need when doing business in China.

China company Accounting and Bookkeeping
Accounting and bookkeeping are integral components of any business. Bookkeeping services will ensure that reliable and accurate books are kept for your company, enabling you to make informed decisions promptly in order to minimize risks and maximize profits. Operating a company requires detailed attention to financial management and internal controls. Companies must also pay the salaries of their employees in a timely manner and ensure their income tax and social security compliance in terms of withholding, calculations and reporting.

Tannet’s Key Accounting Services Include:
1. Accounting system set-up;
2. Advice on accounting software selection;
3. Annual audit assistance;
4. Annual inspection support;
5. Bookkeeping services;
6. Filing and submission of monthly and quarterly financial statement;
7. Finance Consulting;
8. Invoices management services;
9. Keeping of company invoice machine;
10. Maintenance of cash book.

China Company Tax Return Filing
As soon as a company wants to establish an entity in China, it has to register with the local and the federal tax authority. The deadlines for registration are very narrow and the registration needs to be filed 30 days after receiving the provisional business license, although regional differences might exist.

Enterprises need to submit Corporate Income Tax filings 4 times a year. The deadline is the 15th day of the quarter’s last month (local differences). General VAT Payers must file their VAT tax returns with the federal tax authorities until the 15th of each month. Small-scale taxpayers need to file on a quarterly basis.

Chinese tax authorities require all enterprises to complete a tax filing on a monthly basis (quarterly for representative offices), failure to do so may result in late interest penalties and fines. To timely provide fairly presented financial statements may therefore be critical for the smooth operation of your business.

You may find it beneficial to outsource your financial accounting function at the beginning stages of your business. Tannet can help you set up standardized working procedures, integrate finance functions to your business infrastructure, and coach your business and future finance team at a cost-effective way.

Contact Us
If you have further queries, don’t hesitate to contact Tannet anytime, anywhere by simply visiting Tannet’s website, or calling Hong Kong hotline at 852-27826888 or China hotline at 86-755-82143512 or 86-755-82143181 or emailing to You are also welcome to visit our office situated in 16/F, Taiyangdao Bldg 2020, Dongmen Rd South, Luohu, Shenzhen, China.

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