Once your business is officially registered, its accounting records must be maintained in accordance with accounting standards in China. Taxes also need to be reported on both a monthly (for business tax, individual income tax) and quarterly (corporate income tax) basis. Late submissions will face a penalty and surcharges.

Your business must register with the local tax authority for tax reporting purposes and apply for an official invoice book that will allow the business to issue invoices to clients within China and abroad.

Our accountant can assist you in negotiations with your local tax officer so that you can implement the correct tax reporting method for your business. We can also submit the monthly and quarterly tax reports on your behalf.

We are also able to offer advice on tax planning opportunities which can help you reduce the burden of your business and staff taxes.

We offer a standard one year package that includes:

• Company establishment (inclusive of service and government fees)

• One (1) year accounting service (bookkeeping, accounting reports & tax declaration)

• First capital verification report fee

• Bank account opening

• First year licences renewal

• First year annual audit report

• First year tax return

• One (1) year work & residence permit for the Legal Representative

• One (1) year residence permit for one (1) family member of the Legal Representative

Your personal package will be drawn up with a dedicated RosettaPro consultant, who will ensure your package includes everything you require. Contact us now to discuss this further.