Accounting systems, tax regulations and rules vary considerably in different countries, and it is no different for China. Proper planning is therefore critical for business ventures in China to succeed.
China accounting services include:
1. Accounting, financial reporting and consolidation;
2. The preparation of management and statutory accounts;
3. Arranging audits;
4. VAT advice, registration and related services;
5. Financial modeling and forecasting;
6. Preparation of business plans;
7. Preparation and filling of tax returns;
8. Tax computation and submission;
9. Debt analysis and recovery services.
We can assist companies of all sizes with their accounting needs based on to the Chinese law. Besides the taxpayer must file its tax return within the prescribed time, no matter whether it has business turnover. Tax return is a record of your taxable income, calculated over the financial year, and the tax payable on that amount.
Tax Filing for Foreign-invested Enterprise
China adopts a low-tax policy for foreign-invested enterprise, and a preferential tax policy for the areas or those projects listed in the state-encouraged industrial catalogue for foreign investment. The date of tax return filling for foreign-invested enterprise is 1st April to 30th May. Since April 2011, all companies, clubs, societies, associations and other unincorporated bodies should file their company tax returns online
Tax Types for Foreign-invested Enterprise
In China, taxes applied for foreign-invested enterprises and overseas individuals (including Hong Kong, Macao and Taiwanese compatriots) include: corporate income tax, personal income tax, operation linkage taxes (including value-added tax, consumption tax and business tax), tariff, land value-added tax, resource tax, urban real estate tax, etc.
Tannet’s accountants have a deep understanding of the complexities of the financial system in China and keep your company’s accounting practices in compliance with rapidly evolving accounting systems, letting you concentrate on your company’s business strategies.We have provided taxation consultancy to local and overseas clients, individuals and corporate, including tax planning, tax return filing, objections and appeals.
Contact us
if you have further queries, don’t hesitate to contact Tannet anytime, anywhere by simply visiting Tannet’s website english.tannet-group.com, or calling Hong Kong hotline at 852-27826888 or China hotline at 86-755-82143422, or emailing to tannet-solution@hotmail.com.
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