Feel free to contact us through the following and talk to our professionals:
Email: tannetinfo@gmail.com
Tel: +603-21418909
Wechat:13530066130
WhatsApp: +6019-3090991
1.Taxable period
The tax year commences on 1 January and ends on 31 December.
2.Tax returns
Enterprises are required to file and pay provisional income taxes on a monthly or quarterly basis within 15 days following the end of each month/quarter, and file and settle their annual income tax return within five months after the end of the tax year, together with an audit certificate of a registered public accountant in China. Information on related-party transactions must be filed with the annual income tax return.
3.Payment of tax
Enterprises are required to file and pay provisional income taxes on a monthly or quarterly basis within 15 days following the end of each month/quarter.
Settlement of annual tax payment is due, in conjunction with the annual income tax return, within five months after the end of the tax year.
4.Tax audit process
There is no fixed audit cycle in China. Tax audit targets are selected pursuant to certain criteria.
5.Statute of limitations
For unintentional errors (e.g. calculation errors) committed by the taxpayer in its tax filing, the statute of limitation is three years and extended to five years if the amount of tax underpaid is CNY 100,000 or more. For special tax adjustments, such as transfer pricing adjustments, adjustments under CFC rules, adjustments under the general anti-avoidance rules, the statute of limitation is ten years. There is no statute of limitation for tax evasion, refusal to pay tax, or defrauding of tax payment.
Previous：Is already the first one！
Next：Recent Focus of Chinese Tax Authorities