Accounting Tax

When your WOFE Company is officially registered, government offices requires you to maintain appropriate accounting records in accordance with Chinese law. You must report your tax report monthly and quarterly. Please be informed that late submissions are due to penalties.

Monthly Tax reporting required for: Business Tax and Individual Income Tax
Quarterly tax reporting required for: Corporate income tax

Your company must be registered with local tax authority for tax reporting purposes. Also this will enable you to apply for official invoice book so that you can issue invoice to your clients within China and abroad.We can provide you with a part time financial accountant and assist you in negotiating with your local officer to use proper tax reporting methods for your company. We can also submit the tax reports monthly and quarterly on your behalf as per your records.

We also advise and provide assistance with your tax planning process. This is definitely beneficial to you and your company to reduce tax hassle and related paperwork. We realize that this is a complicated process and we know the procedures.

Manufacturing WFOE Tax Information

Value Added Tax Information

General VAT payer pays 13% or 17%.

This is applicable for companies with annual sales value more than 500,00RMB.

Small-scale business tax payers pays at 3%. This is applicable to companies less than annual sales of 500,000MRB

Corporate Income Tax

Corporate income tax is generally fix at 25% for regular companies.

High-Tech companies are capped at 15%

(Companies in research & development, transition of technological achievements within the scope prescribed by Fields of High and New Technology Eligible for Primary Support of the State, possess independent intellectual property right, and practice operating activities accordingly. Such high-tech enterprises shall have been registered for more than one year.

Small scale business operators are subject to take rate of 20%
(under the criteria of annual taxable profit is not more than RMB300,000 with less than 100 staff and total assets is not more than RMB30 million)

Trading WFOE Taxing Information

Value Added Tax Information

General VAT payer pays 17%

This is applicable for companies with annual sales value more than 800,00RMB.

Small-scale business tax payers pays at 3%.

*Tax refunds are applicable of various goods that are imported or exported from/to China. We have a complete list of items that are eligible for tax refund and our accountants will be more than happy to assist you.

Corporate Income Tax

Corporate Income tax rate is capped at 25%

Small scale operators are subject to corporate tax rate of 20%

(Applicable for companies with profit levels less than $300,000 annually with less than 80 staff members and total assets not exceeding $10 million)

*Other rates are generally subject to the prices of import /export goods, which shall be equal to the quantity of import /export goods multiplied by quoted price per unit.

Consulting WFOE Taxing Information

Value-Added Tax

General Value-Added Tax Payers pay VAT at 6%

Small-scale Value-Added Tax Payers pay VAT at 3%

Corporate Income Tax

Corporate Income tax rate is capped at 25%

Small-scale and small profit companies are subject to corporate tax rate of 20%

(Applicable for companies with profit levels less than $300,000 annually with less than 80 staff members and total assets not exceeding $10 million)


Our services includes:

  • Update company records in compliance with Chinese Accounting Standards
  • Prepare monthly and quarterly financial statements for tax filing purposes and submit accordingly
  • Accounting and bookkeeping setup services
  • Financial auditing and compliance services
  • Financial statement generation
  • Tax Declaration and Tax Management services
  • Tax auditing and compliance recommendations
  • Payroll and Income Tax Management
  • Tax refund filings, Tax Incentive and Annual Tax Audits
  • Government Tax Inspections, Audits and more


Contact us to learn more about our services and get an official quote accordingly

Tax compliance is a very important in China and we definitely know the right people to get you started in the right path.