Accounting service of WFOE in China
Once your WFOE is officially registered, it's required to maintain properly accounting records in accordance with accounting standards in China and report taxes in both monthly (for business tax, individual income tax) and quarterly (corporate income tax) basis. The late submissions will face penalty and surcharges.
WFOE must register with the local tax authority for tax reporting method and applying for official invoice book which allow the WFOE to issue invoice to it's clients within China and abroad.
Our part time accountant could assist you and negotiate with your local officer to use the proper tax reporting method for your WFOE and submit the tax reports monthly and quarterly on your behalf.
We can also advise you with tax planning opportunities.This might help WFOE reduce the burden of tax of WFOE and its staff.
The details of our services are set out below:
(1) Bookkeeping£¨ Inventory & Transaction£İof WFOE in accordance with the Chinese Accounting Standards;
(2) Accounts Clean Up & Bank Reconciliation;
(3) Prepare monthly financial statements for tax filing purpose and submit if applicable;
(4) File monthly Business Tax Return and Individual Income Tax Return;
(5) File Corporate Income Tax Return quarterly;
(6) Audit of Financial Statements [if applicable].
