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Accounting Services of A WFOE in China

Last Updated: Jan. 3, 2012

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 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) 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 Beijing, Shenzhen, Shanghai, Hangzhou or Hong Kong for more details:


Office Time: Monday To Friday 0900AM-1730PM

Shenzhen & Southern China Office:
E-mail: info@pathtochina.com
Suite 2812, 28/F, Tower A, Zhongshen Building, 2012 Caitian Road, Futian District, Shenzhen, China 518033 [-MAP-]
Tel1: (86.755) 6128.6800; Tel2: (86.755) 8257.4170 (You can inquire in English)
Consultant: Ms. Daisy Dai

Beijing & Northern China Office:
E-mail: gifty@pathtochina.com
5/F CBD International Mansion, 16 Yong'An Dong Li, Chao Yang District, Beijing 100022, China [-MAP-]
Tel: (86.10) 5166.4212 (You can inquire in English)
Tel: (86.10) 6563.7624
Regional Manager: Ms. Gifty Jia

Shanghai & Eastern China Office:
E-mail: lijun@pathtochina.com
1038 West Nanjing Road, Suite 2508, 25 Floor, Westgate Tower, Shanghai 200040, China [-MAP-]
Tel: (86.21) 5108.8535 (You can inquire in English)
Tel: (86.21) 6218.6226
Regional Manager: Mr. Li Jun

Hong Kong Office:
E-mail: simon@pathtochina.com
Suite 1701, HeNan Building, 92 Jaffe Road, Wanchai, Hong Kong[-MAP-]
Tel: (852) 6877.8862 (You can inquire in English)
Regional Partner: Simon Lee
Fax: (852) 8198.0080


Hangzhou & Ningbo Liaison Office:

E-mail: grace.lim@pathtochina.com
Hangzhou Liaison Office: Suite 4202, 4/F, Euro America Center[-MAP-]
18 Jiao Gong Rd., Hangzhou 310007, China
Regional Consultant: Ms. Grace Lim
Tel: (86.21) 6218.9991


Other Parts of China:
Regional Manager: Mr. Chris Keir
E-mail: China@PathToChina.com
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Public Holidays of 2012 in China: Jan.1-3, Jan. 22-28, April 2-4, April 29- May 1, June 23-25, Sep.30-7


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