At GOMAX, we recognize the intricacies of the "Chinese Tax System," which is known for its complexity, interpretive flexibility, and frequent updates due to ongoing tax reforms.
Our team conducts a thorough analysis of each client's specific case, providing detailed insights into the pertinent tax laws and regulations. We elucidate the implications of these regulations for their unique situation.
Clients receive precise and tailored information regarding Chinese legal and regulatory frameworks, with a particular focus on the following areas:
Accounting Service under Chinese GAAP and Tax Compliance
Bookkeeping (i.e. preparation of vouchers and accounts)
IFRS reporting
Preparation of financial statements for statutory reporting
Preparation of management reports
Consolidated reporting
Monthly and quarterly tax filing
Accounting system set-up and tax registration
Accounting system set-up
Registration of tax for new setup company
Registration of accounting system with the in-charge tax bureau
Application for general VAT tax payer status
Assistance in implementation of ERP system
Annual Audit Assistance
Annual Tax Clearance (ATC)
Unified Annual Examination (UAE)
Export tax refund application and verification
Collecting and preparing relevant documents, e.g. invoices for export goods, customs declarations, foreign exchange verification notes, VAT invoice purchases for export goods, tax payment demand notes, VAT declaration forms
Preparing application and calculate tax refundable
Submitting application to your management for review and approval
Submitting approved application to relevant tax bureau
Accounting documents organization and filing
Payment Process and Invoice Management
Bank Account Opening
Opening a Chinese Bank Account is a post-licensing service.The legal representative should be present in person.
accompany for address Verification
Capital Account setup
Capital verification report
General Account setup
FDI ( Foreigner Direct Investment) Registration
Payroll and individual tax declaration
Monthly payroll calculation and corresponding payment supervision
Tax optimization and registration for foreign expatriates
Monthly and annual individual income tax filing in China for foreign expatriates
If you have more questions about the procedure and costs, please feel free to contact our consultant.
