Last Updated: Jan. 3, 2017
[ NEWS! ] Since March 1, 2010: Measures of Establishment of Foreign Enterprises or Individuals Partnership Enterprises (PEs) in China is taking effect. The regulation, which take effect since March 1, 2010, are known as the Administrative Measures for the Establishment of Partnership Enterprise in China by Foreign Enterprises or Individuals. Ther's no required minimum registered capital for a Partnership Enterprise (PE) in Shanghai, Beijing, Hangzhou, Shenzhen and rest cities of China. Information provided below will guide you to:
Once your FIPE is officially registered. It's required to maintain properly accounting records in accordance with accounting standards in China and report taxes in monthly (for business tax, individual income tax) basis. The late submissions will face penalty and surcharges.
PE must register with the local tax authority for tax reporting method
and applying for official invoice book which allow the PE to issue invoice
to it's clients within China and abroad.
Our part time accountant could assist you and negotiating with your local officer to use the proper tax reporting method for your FIPE. And submit the tax reports monthly and quarterly on your behalf.
We can also advise you with tax planning opportunities this might help
PE reduce the burden of tax of PE and its staff.
The details of our services are set out below and our fee schedule is set out in "Form B "
(1) Update the books of FIPE in accordance with the Chinese Accounting
(2) Prepare monthly financial statements for tax filing purpose and submit if applicable;
(3) File monthly Business Tax Return and Individual Income Tax Return;
(5) Audit of Financial Statements [if applicable]
The figures shown in the table below are estimations and actually costs will be discussed after review of the actual operation of your PE
|No.||Services||Period||Separate Costs||Package Cost|
|01||Update the books of accounts||Monthly||1,500RMB/Month||22,000RMB/Year|
|02||Business Tax Filing||Monthly|
|03||Individual Income Tax Filing||Monthly|
|04||Annually License Renewal||Annually|
|05||Audit of Financial Statements||Annually||6,000RMB/Year|
More information about Partnership Enterprise:
Contact Our Regional Partners in Beijing, Shenzhen, Guangzhou, Shanghai, Ningbo, Hangzhou or Hong Kong for more details: