All foreign-invested enterprises registered in China are required to keep accounting records of economic activity, to file tax returns and to pay taxes on a monthly or quarterly basis, as well as to undergo annual audits and annual inspection in various administrative inspections.
China Orientir specializes at providing accounting services for foreign-invested companies (WFOE). Our prices for accounting services for foreign-invested companies in China are very competitive. Plus we provide additional China visa service (work permit and residence permit) for foreign staff of WFOE for free!
Our company accounting specialization:
CHINA ORIENTIR company offers bookkeeping and accounting services for enterprises with foreign investment in China (Guangzhou).
Accounting service for China company:
Accounting service in our company includes the following:
- preparing of supporting documentation (bank statements, bank advices, invoices, etc);
- bookkeeping (maintaining books and records in accordance with China rules);
- maintaining the general ledger;
- processing sales and purchase invoices;
- preparation of financial statements in conformity with the accounting provisions of the People's Republic of China: profit and loss account, balance sheet and cash flow statement;
- preparing of monthly report on the calculation of tax payable in the current tax period in English;
- preparing and filing tax reports to China tax authorities (Income tax, VAT, personal income tax, etc);
- VAT refund procedure (when necessary);
- consultations regarding taxes and accounting in China.
Price for basic accounting services is RMB,1600.00 per month.
The services range also can be catered to your needs, in this case the price will be negotiated separately.
Audit service for China company:
- arrangement of compulsory procedure of annual audit. For WFOE there are three reports should be issued by auditors: for tax authorities, for Industrial and Commercial Administration and for Foreign Exchange Administration.
Price for audit services depends on turnover and assets amount, beginning from RMB4,500.00 once a year (three audit reports).
Annual administrative inspection service for China company:
- passing through mandatory procedure for China companies (including WFOE) of annual inspection in various administrative institutions.
Price for annual administrative inspection is RMB1,500.00/year.
Additional services provided for free for China company :
When we provide accounting services we also offer for free the following services as a bonus:
- registration in local tax district offices;
- processing of tripartite agreement between tax authorities, customer's company and its bank, regarding possibility of withdrawal of tax payments from the bank account of the company;
- providing consultations and services on company's staff employment procedure in China (conclusion of labor contracts and so on);
- processing of mandatory social insurance filings and payments for employees;
- China visa documents issuance and annual renewal procedures for foreign employees (work permit and residence permit, usually for one year, with annual prolongation).
Term of accounting related services in China:
These bookkeeping, accounting and tax services are provided on monthly, quarterly and annual basis:
- bookkeeping services on monthly basis, before approximately 10th day of each month;
- accounting services on monthly basis, before approximately 15th day of each month;
- tax services on monthly basis, before approximately 15th day of each month;
- employees social insurance payments on monthly basis, before approximately 20th day of each month;
- audit of financial statements on annual basis, before approximately 30 of March;
- annual inspection in various administrative institutions on annual basis, before 30 of June;
- foreign employees and their family China visa documents (work permit and residence permit) issuance and prolongation procedure on annual basis, every year the same time.