For international companies expanding into China, maintaining financial control remotely can be a challenge. Our outsourced accounting services effectively function as your local finance department, ensuring you have real-time visibility and full regulatory compliance.
We utilize modern cloud accounting software and certified local accountants to manage everything from daily transaction recording to complex financial modelling and CFO advisory.
Outsourced Operations
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📒Monthly Bookkeeping Recording of all daily transactions, expenses, and bank reconciliations.
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💸China Payroll End-to-end payroll processing compliant with the China Labor Law requirements.
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📊Financial Reporting Monthly Management Accounts (P&L, Balance Sheet, Cash Flow) formatted for HQ.
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🧠Virtual CFO Strategic financial planning, budgeting, and board-level advisory.
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☁️Cloud Implementation Setup and migration to Golden Tax System-compliant ERPs like Xero, QuickBooks, or Zoho.
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🧾Accounts Payable/Receivable Managing vendor payments and client invoicing workflows.
Why Outsource?
Hiring a full-time Senior Accountant in Beijing can cost upwards of 20,000 RMB/month. Outsourcing provides you with an entire team of specialists for a fraction of the cost, eliminating recruitment fees and visa hassles.
China Corporate Tax & VAT Framework
Foreign-Invested Enterprises (FIEs) in China are subject to a complex, multi-tiered taxation system administered by the State Taxation Administration (STA). Proper structuring and early adoption of tax incentives are critical to protecting your margins.
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🏛️Corporate Income Tax (CIT) The standard CIT rate is 25%. However, qualified High and New Technology Enterprises (HNTEs) enjoy a reduced rate of 15%, while certain small-scale businesses can benefit from effective rates as low as 5%.
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📉Value-Added Tax (VAT) VAT applies to the sale of goods and services. Rates vary by sector: 13% for most goods, 9% for logistics/real estate, and 6% for modern services (consulting, IT).
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💼Withholding Tax (WHT) A 10% withholding tax is generally levied on dividends, royalties, and interest repatriated to overseas parent companies, though Double Tax Treaties (DTAs) may reduce this to 5%.
Fapiao Governance & Compliance Timelines
In China, a receipt is not enough—every valid transaction must be backed by a Fapiao (official tax invoice) printed directly from the Golden Tax System equipment. Mismanagement of Fapiaos will lead to rejected expense claims and severe STA penalties.
Mandatory Filings: Unlike many Western jurisdictions, China requires monthly tax filings (by the 15th) for VAT, CIT prepayments, and Individual Income Tax (IIT). Additionally, an exhaustive Annual Statutory Audit must be finalized between January and May each year.