In accordance with Article 36 of Chapter 5 of the Accounting Law of China, a company should set up an accounting department in the company according to the business needs with accounting staff and accounting supervisors. Instead, it can appoint an approved accounting firm to undertake the bookkeeping and accounting functions.

CitiAc Shanghai and Shenzhen are professional financial outsourcing service institutions approved by the Chinese Mainland Finance Bureau. Our professional accounting teams have prudent accounting-processing skills. We design and implement the best accounting service plan for our clients. We perform our bookkeeping and accounting functions in accordance with the respective local laws and regulations. We also update and prepare management accounts for our clients regularly and systematically, which makes our clients easily understand the financial status of their business and make proper decision and planning. Our clients could then focus on their core business development as well as saving operational cost. We also provide financial analysis and advice, which allows our clients to realize the financial performance of their business and to properly allocate their resources in order to achieve the financial goal and to enhance their competitive ability in the market.

Advantages in appointing accounting firm versus accounting staff

Professional

Efficient

Cost saving

Stable

Save the troublesome in hiring and supervising accounting staff

China major tax types that a foreign-owned enterprise usually encounters

Value added tax (VAT):  3% - 13%

Corporate income (profits) tax: 25% (General)

Withholding tax (remitting dividend):  5% - 10%

Individuals income (salaries) tax:  3% - 45%

Our major accounting services

Setup of accounting procedures and systems

Accounting bookkeeping agency services

Bank payment processing service

Invoice(fa-piao) audit and management service

Produce monthly, quarterly or annual financial statements

Prepare internal management reports in both Chinese and English according to client requirements

Our major taxation services

Handle tax registration, tax alteration and cancellation

Handle and file various periodical tax declarations

Handle invoice (fa-piao) purchase

Apply for the general taxpayer qualification

China tax consulting services

VAT rebates

Tax planning services for individuals and companies

Should you have any enquiries about our accounting and taxation services and fee quote, please contact our professional team. We will provide you with free consultation services accordingly.