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.