China Accounting and Taxation Services

Accounting and Taxation Services in China

Our China management has extensive experience of working in various industries including major financial institutions, listed multinational corporations as well as the tax authorities in China and overseas. They bring together a wealth of business, tax, finance and marketing knowledge and experience in the areas of regional and cross border transactions that encompass advising on investments, finance and accounting, mergers and acquisitions, corporate restructuring, business and strategy planning, tax optimization, value protection and international financing.

We strongly believe in adding value and providing quality business, finance and tax-driven solutions to our clients. This is done through understanding their needs and working hand-in-hand with them to achieve their objectives.

We are partners with China Tax Advisory Company Group (“CTAC”) which has offices in Beijing, Ningbo and Shenzhen, and overseas partners in San Francisco, Tokyo and Seoul.

Our Service Offerings

Accounting

  • Setting up of chart of accounts
  • Preparation of journal entries
  • Preparation of bank journals and reconciliation
  • Maintenance of the general ledger, sub-ledger and trial balance
  • Preparation of monthly financial statements for local filing
  • Preparation of monthly accounting reporting package meeting with the Head Office’s requirements
  • Working closely with the overseas finance team to discuss / solve accounting issues
  • Presentation of balance sheets, income statements, trial balance, general entries, fixed assets register in accordance with China Generally Accepted Accounting Principles (GAAP)

Tax Compliance

  • Assist in tax assessment when the head office / a branch office is set up
  • Preparation and submission of monthly VAT returns
  • Preparation and submission of monthly local levy returns
  • Preparation and submission of statistics declaration
  • Preparation and submission of monthly and annual individual income tax returns for expatriates and local employees
  • Preparation and submission of quarterly and annual corporate income tax returns
  • Assist in communication with tax authorities as per request

Tax Advisory

  • Tax retainer service
  • Analysis of tax policies change and updating of client on impact
  • Tax planning for new foreign investments and foreign contractor projects
  • Tax registration, deregistration and liquidation application services
  • Tax advice and planning for Individual Income Tax for expatriates
  • Tax training and tax policies regular update

Transfer Pricing

  • Transfer pricing policy review
  • Benchmarking analysis for related parties transactions
  • Tax risk analysis for transfer pricing
  • Formulation of the group transfer pricing policies
  • Preparation and submission of the Transfer Pricing Contemporary Documentation
  • Application for Advanced Pricing Agreement
  • Defense for transfer pricing audit

Import / Export Tax

  • Analysis and advice on tax efficient business models for import and export
  • Advise on optimization of import and export procedures
  • Provision of assistance in applying for export and import tax exemption
  • Provision of assistance in applying for export VAT refund

Tax Incentives Application

  • Analysis on the applicable tax preferential policies
  • Application for the preferential tax rate for high-tech enterprises
  • Application for tax preferential policies for advanced outsourcing service enterprises
  • Application for super tax deduction for research & development expenses
  • Application for tax exemption for special industries

Offshore Payment Tax Assistance

  • Advice on the reasonable ways to structure offshore payment and analysis on the relevant tax implications
  • Review and revision of relevant agreements
  • Assist in preparing or reviewing the application documents
  • Assist in communication with local tax authorities on the tax treatment for the offshore payment
  • Assist in filing agreements, billings and tax forms with local tax authorities and obtaining tax filing record for remittance

Tax Audit Defense

  • Tax audit risks analysis
  • Tax negotiation strategy and working out of optimal solutions
  • Assist in communication with tax authorities at difference levels
  • Assist in mitigating tax risks, and complying with tax laws and regulations

Financial Services

  • Tax & Finance Due Diligence before M&A
  • Tax planning for M&A deals
  • Tax Review for M&A contracts
  • Calculation of relevant tax and filings fulfillment for M&A
  • Preparation and submission of documents for special M&A filings
  • Tax planning after M&A, and advisory on post deal restructure of business model
  • Advice on treasury structure

Meet your accounting and taxation needs effortlessly

File your statements and tax returns with APB Consultants, your regional accounting and tax expert. Our professional accounting and taxation specialists will work closely with you to reduce your tax liabilies and maximise tax savings.

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