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Accounting Services of A WFOE in China

Last Updated: Jan. 3, 2018

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 Mumbai, Delhi, Singapore, Kuala Lumpur, Beijing, Shenzhen, Guangzhou, Shanghai, Ningbo, Hangzhou or Hong Kong for more details:

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

Kuala Lumpur & Malaysia Office:
-Request For Proposal-
E-mail: info@pathtochina.com or [Request For Proposal]
16/F,1 Sentral, Jalan Stesen Sentral 5, Kuala Lumpur, 50470 Malaysia
Tel: (60-10) 3738.398 GMT+8 (English, Malay and Mandarin)
Regional Consultant: Mr.YiXin Ching

Beijing & Northern China Office:
-Request For Proposal-
E-mail: gifty@pathtochina.com or [Request For Proposal]
12/F, South Tower, China Overseas Plaza, 8 East Guanghua Dongli, Chaoyang District, Beijing,
Tel: (86-10) 5166.4212 GMT+8 (English and Mandarin)
Tel: (86-10) 5989.2061
Regional Manager: Ms. Gifty Jia [-Bio-]

Shanghai & Eastern China Office:
-Request For Proposal-
E-mail: wendy@pathtochina.com[or Request For Proposal]
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-] & Nancy Liu [-Bio-]

Ningbo Office:
E-mail: info@pathtochina.com [or Request For Proposal]
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: nancy.liu@pathtochina.com [or Request For Proposal]
No. 2, 1785 Jianghan Rd.(by Binsheng Rd.), Binjiang District, Hangzhou 310051, China
Regional Consultant: Ms. Nancy Liu [-Bio-]
Tel: (86) 139.1772.5080 GMT+8 ( English and Mandarin)

Shenzhen & Southern China Office:
E-mail: echo.wang@pathtochina.com [or Request For Proposal]
6009 Yi Tian Road, Suite 2306, New World Tower,Shenzhen 518035
Tel: (86-755) 6128.6800 GMT+8 (English and Mandarin)
Regional Consultant: Ms. Echo Wang

Guangzhou Office:
161 West Lin He Rd., 23F, Tower A, Center Plaza, Guangzhou, 510620
-Request For Proposal-
Tel: (86.20) 6113.5690 GMT+8

Hong Kong Office:
-Request For Proposal-
E-mail: simon@pathtochina.com [or Request For Proposal]
Suite 1701, HeNan Building, 92 Jaffe Road, Wanchai, Hong Kong[-MAP-]
Tel: (852) 6877.8862 GMT+8 (English)
Regional Partner: Simon Lee

Rest Cities of China: Chengdu, Chongqing, Tianjin, Wuhan, Suzhou, Xi'an etc.
-Request For Proposal-
E-mail: info@pathtochina.com
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New Delhi & India office:
E-mail: info@pathtochina.com [or Request For Proposal]
Suite 201, ITO, Hans Bhawan, Delhi [-MAP-]
M: 906.914.2028 (English, Hindi)

E-mail: info@pathtochina.com [or Request For Proposal]
Suite B-404, Cello Triumph, IB Patel Road, Mumbai [-MAP-]
M: 906.914.2028 (English, Hindi)
India Partner: Mr. Narendra Kumar

Public Holidays of 2018 in China: Jan. 1, Feb. 15- 21, Apr.4-7, Apr. 29- May 1, June 18, Sep. 24, October 1-7

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