Accounting Services for WFOEs in Shenzhen

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 penaltie 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) Update the books of WFOE in accordance with Chinese Accounting Standards;
(2) Prepare monthly financial statements for tax filing purpose and submit if applicable;
(3) File monthly Business Tax Return and Individual Income Tax Return;
(4) File Corporate Income Tax Return quarterly
(5) Audit of Financial Statements [if applicable]

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

Form B:

No. Services Period Separate Costs  Package Cost 
01 Update the books of accounts  Monthly 400RMB/Month
02 Business Tax Filing  Monthly
03 Individual Income Tax Filing  Monthly
04 Corporate Income Tax Filing  Quarterly 
05 Audit of Financial Statements  Annually 800RMB/Year

Financial crisis: How we can reduce your incorporation related costs

Please let us know if you have any question, do not hesitate to contact our professional consultants will reply to you as soon as possible, 
!! Incorporate companiesregistry ! Incorporate Your Wealth !!
218 C 5/F,Jaffe Mans,218 Jaffe Road,Wan Chai,Hong Kong
Telephone: +852-3111-2324   Fax: +852- 3175-2567

Related Pages