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Accounting Services of A WFOE in China

Last Updated: April 17, 2021

Information provided below will guide you to:

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Accounting Services for WFOEs in China

Once your WFOE is officially registered, it's required to maintain proper accounting records in accordance with accounting standards in China and to report taxes on both monthly (for business tax, individual income tax) and quarterly (corporate income tax) basis. Late submissions will face penalties and surcharges.

WFOE must register its tax reporting method with the local tax authority and apply for an official invoice book which will allow the WFOE to issue invoice to it's clients within China and abroad.

Our part time accountant can assist you by negotiating with your local tax officer to use the proper tax reporting method for your WFOE, as well as submit the tax reports monthly and quarterly on your behalf.

We can also advise you with tax planning opportunities that might help the WFOE reduce the burden of tax on itself and its staff.

The details of our services are set out below and our fee schedule is set out in "Form B "

(1) Initial accounting system set-up;
(2) Update the books of WFOE in accordance with Chinese Accounting Standards;
(3) Prepare monthly financial statements for tax filing purpose;
(4) Prepare monthly financial statements for tax filing purpose and submit if applicable;
(5) File monthly Business Tax Return;
(6) File Corporate Income Tax Return, Quarterly;
(7) Individual Income Tax Filing for local employees;
(8) Individual Income Tax Filing for expat employees;

Fees for part time accounting services:

The figures shown in the table below are estimations and actual costs will be discussed after review of the actual operation of your WFOE

Part time accounting services Service Fee (RMB)
Monthly Accounting services for Consulting WFOE
 2,200 RMB
Monthly Accounting services for Service & I.T. WFOE
 2,200 RMB
Monthly Accounting services for Trading WFOE
 2,600 RMB
Monthly Accounting services for Forwarding WFOE
2,600 RMB
Monthly Accounting services for Retailing WFOE
2,600 RMB
Monthly Accounting services for Food & Beverage WFOE
2,600 RMB
Monthly Accounting services for Manufacturing WFOE
4,600 RMB

Fees for annual license renewal and audit services:

Annual Licenses renewal: RMB 4,000

Annual audit report: RMB 6,000

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Contact Our Regional Partners in India (Mumbai, Delhi), Singapore, Malaysia (Kuala Lumpur), China (Beijing, Shenzhen, Guangzhou, Shanghai, Suzhou, Ningbo, Hangzhou or Hong Kong) for more details:


Office Hour: Monday- Friday 0930AM-1730PM China, Singapore & Malaysia:(GMT+8); India: (GMT+6)

Beijing & Northern China Office:
E-mail: gifty@pathtochina.com
5F, SK Tower, 6A Jianguomenwai Ave., Chaoyang District, Beijing 100022, China
Tel: (86-10) 5166.4212 GMT+8 (English and Mandarin)
Regional Manager: Ms. Gifty Jia [-Bio-]

Shanghai & Eastern China Office:
E-mail: info@pathtochina.com 1038 West Nanjing Road, Suite 2508, 25 Floor, Westgate Tower, Shanghai 200040, China [-MAP-]
Tel: (86-21) 5108.8535 (English and Mandarin)
Regional Manager: Ms. Wendy Wang [-Bio-]

Ningbo Office:
E-mail: info@pathtochina.com Suite 2925 South Tower, 1299 Yinxian Ave., Yinzhou, Ningbo 315040
Regional Consultant: Mr. Dean Dong [-Bio-]
Tel: (86 574) 8716.4655 GMT+8 (English and Mandarin)

Hangzhou Office:
E-mail: info@pathtochina.com No. 2, 1785 Jianghan Rd.(by Binsheng Rd.), Binjiang District, Hangzhou 310051, China
Regional Consultant: Ms. Lim
Tel: (86-21) 6218 9991 GMT+8 (English and Mandarin)

Shenzhen & Southern China Office
E-mail: info@pathtochina.com
6009 Yi Tian Road, Suite 2306, New World Tower, Shenzhen 518035

Hong Kong Office:
E-mail: info@pathtochina.com
Suite 1701, HeNan Building, 92 Jaffe Road, Wanchai, Hong Kong[-MAP-]
Tel: (852) 6877.8862 GMT+8 (English)
Regional Partner: Simon Lee
Guangzhou Office:
161 West Lin He Rd., 23F, Tower A, Center Plaza, Guangzhou, 510620
info@pathtochina.com

Singapore & ASEAN Office
E-mail: info@pathtochina.com
Tel: (65) 8459.8655 Address: 218 Orchard Road, 6F, Singapore, 238851

Kuala Lumpur & Malaysia Office
E-mail: info@pathtochina.com
1 Mont Kiara, Level 13A, Wisma Mont Kiara, No. 1 Jalan Kiara, Mont Kiara, 50480, Kuala Lumpur, Malaysia
Tel: 010.3738.398 (English, Mandarin, Malay)

newNew Delhi & India office:
E-mail: info@pathtochina.com
Ramdhan Tower, E-57, Sector-63, Noida

Mumbai
E-mail: info@pathtochina.com
Plot 175, Santacruz, East Mumbai
India Partner: Mr. Narendra Kumar

Rest of China: [Click for more details...]

Public Holidays in China: Jan. 1, Feb. 2-10, Apr.5-7, May 1, June 7-9, Sep. 13-15, October 1-7 Malaysia: Jan. 1, 21, Feb. 1, 5-6, May 1, 20, 22, June 5-6, August 12, Sep. 2, 9, 16, Oct. 28, Dec. 25 Singapore: Jan. 1, Feb. 5-6, May 1, 20, June 5, August 9-12, Oct. 27-28, Dec. 25


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