Tax & Financial Compliance

China WFOE Accounting Services

Full-scope accounting and tax compliance for WFOEs in China - Chinese GAAP bookkeeping, VAT filings, CIT returns, fapiao management under the Golden Tax System Phase IV, annual statutory audit, and SAFE profit remittance support.

What We Handle

Accounting & Tax Services

Monthly Bookkeeping

Full recording in Chinese GAAP (企业会计准则 / ASBE) using Golden Tax-compatible accounting software. Dual reporting in English and Chinese.

VAT Filing (增值税)

Monthly VAT return preparation and submission to the STA. We manage your fapiao (发票) quota, Golden Tax System Phase IV e-invoices, and input credit reconciliation.

Corporate Income Tax (企业所得税)

Quarterly CIT prepayments (预缴) and the annual CIT return (汇算清缴) by 31 May. We maximise deductions and identify HNTE/STSP qualification for reduced 15% rate.

Financial Statements

Monthly P&L, balance sheet, and cash flow in both English and Chinese. Year-end statements prepared to Chinese GAAP for statutory audit.

Annual Statutory Audit

Coordination with a licensed Chinese CPA firm (注册会计师事务所) for the mandatory annual audit. Required for all WFOEs - audit report needed for profit remittance approval.

SAFE & Profit Remittance

Support for dividends and profit repatriation via SAFE (国家外汇管理局). We prepare the audit report, tax clearance, and SAFE filing required to transfer funds overseas.

VAT Rates (增值税税率)

China VAT Structure

Rate Applies To

13% Goods: most manufactured goods, imported products

9% Goods: agricultural products, utilities, real property

6% Services: consulting, financial, tech, R&D, most B2B services

0% Exports (zero-rated), eligible cross-border services

3%–5% Small-scale taxpayers (小规模纳税人) - simplified method

Corporate Income Tax (企业所得税)

CIT Rates

25%

Standard rate

All WFOEs by default

15%

HNTE rate

High & New Tech Enterprise certified

20%

Small enterprise

Annual taxable income ≤ ¥3M

HNTE certification (高新技术企业) reduces CIT from 25% to 15%. We assess your eligibility and manage the application with MOST, MOF, and STA.

Compliance Calendar

Key Filing Deadlines

15th of month STA (国家税务总局)

Monthly VAT return

15th of month STA

Individual Income Tax withholding

15 Apr / Jul / Oct / Jan STA

Quarterly CIT prepayment (预缴)

31 March SAMR (市场监管局)

Annual enterprise information report

31 May STA

Annual CIT return (汇算清缴) + audit report

30 June HR Bureau (人社局)

Annual social insurance reconciliation

Golden Tax System Phase IV (数电票)

China has fully rolled out the Phase IV digital fapiao (数字化电子发票) system replacing paper invoices. WFOEs must issue e-invoices through the STA's platform. We manage your fapiao quota requests, e-invoice issuance, and input VAT credit reconciliation - ensuring no fapiao compliance failures that could freeze your tax account.

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