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Qianhai Company Accounting and Tax Filing

Updated:2018-9-3 18:02:06    Source:www.tannet-group.comViews:195

Qianhai company accounting and tax filing is the common routine that enterprise need to attend to after company setup. Qianhai is Shenzhen’s fastest growing CBD with preferential tax rates, and vast investment opportunities, therefore investors from both home and abroad are attracted to do business there. Whether you are a small or medium sized company, a multinational, a brand new start-up or an established business, Tannet’s financial service team will tailor its work to your specific needs, allowing you to focus on your core business without the headache of staying on top of internal and statutory deadlines.

I. Accounting and Bookkeeping
Accounting is the measurement, processing and communication of financial information about economic entities. It has several sub-fields or subject areas, including financial accounting, management accounting, auditing and taxation. Tannet’s accounting team, made up of professionals accountant, are able to provide accounting services to a wide range of clients across many different industries.

Tannet’s Accounting Services
1. Assistance in the initial set-up of the full set of accounting books and records system (chart of accounts, accounting policy, software, etc.);
2. Monthly accounting and bookkeeping services;
3. Compilation of management accounts;
4. Preparation of annual financial statements;
5. Annual audit assistance (not the auditor, but a role of providing audit required documents and support); and
6. Registration of accounting system with the in-charge finance bureau.

Common Taxes in China
1. Value added tax (VAT)
Most trading company registered in China will apply for the general VAT as it can ask for some tax refund or tax rebate from tax bureau and pay less to tax bureau, Tannet can help with the tax refund certificate registration with tax bureau and help with the monthly tax refund or tax rebate.

2. Business taxes
Business tax is taxable based on non-VAT revenue. This is normally service revenue. It is calculated using non-VAT revenue multiplied by the business tax rate of the related industry. The WFOE should prepare and submit the business tax return to the tax authorities. Nowadays for many sectors the business tax has converted to VAT tax to be declared with China National and local tax bureau.

3. Corporate income tax(CIT)
Corporate income tax is based on the net profit of the China WFOE. The trading WFOE should prepare the Corporate Income Tax return every quarter even if its financial result shows a loss.

Other Financial Services
1. China tax rebate;
2. Opening Chinese company bank accounts;
3. Arranging a CPA firm to issue the Capital Verification report for when capital is remitted into your company capital account from abroad;
4. Human Resources service;
(1) Handling the social insurance procedures for employees, including five types of social insurance and one fund;
(2) Obtaining the temporary residence license for local employees;
(3) Providing consultation concerning labour and social insurance;
(4) Handle salary and Individual income tax payment procedures;
(5) Handle the employment and resignation procedures of staff.

Contact Us
If you have further inquires, please do not hesitate to contact Tannet at anytime, anywhere by simply visiting Tannet’s website, or calling Hong Kong hotline at 852-27826888 or China hotline at 86-755-82143512, 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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