Accounting & Taxation Services
Stay compliant and keep your accounts in order while you focus on growing your business in China.
Accounting and Taxation in China
The coverage of China's taxation system includes a wide application range for individuals and businesses. According to the current tax system in China, there are 26 different kinds of taxes, subject to the application field and function. It is important to have accurate tax management, as this will help minimize your personal income tax burden and maximize business tax efficiency while maintaining compliance with China's tax laws and regulations.
At Wilto, we offer a series of professional taxation and accounting services so you can have peace of mind while expanding in China. Our local expert accountants will keep you updated with the latest accounting policies and will manage your accounts in a lean, detail-oriented manner, fully compliant with Chinese government accounting standards.
What Wilto Can Do for You
Recording, declaring, filing, and reporting — a complete bookkeeping and tax cycle handled end to end.
Bookkeeping
Recording files, invoices, and receipts.
Tax Declaration
Declare individual income tax, value added tax, and corporate income tax settlement.
Tax Filing & Accounting
According to the right category of tax, filing the corresponding tax declaration form.
Financial Statements
Preparation of financial statements, profit and loss statements in English and Chinese.
Book Printers Print & Bind
Account book formulation according to actual business transactions and invoicing activities.
Corporate Income Tax
Finalizing the company's monthly or annual financial statement and clearance of corporate income tax submission.
Total Financial Solution With Wilto
A solid and robust business requires good accounting and budgeting practices. Instead of outsourcing your company accounting to a third-party accountant firm, or setting up your own internal finance department, you can save considerable cost and time with our hassle-free solution. Wilto has a professional and experienced accountant team to consult and resolve corporate financial problems or doubts when operating a business in China.
Pre-Financial Services Consultation
Initial stage communication and cooperation mode review; define a customized service plan; define classification within the industry.
Accounting Services Accounting & Taxation
Corporate taxation planning, monthly or annual tax declaration, financial closing and declaration, tax submission.
Bookkeeping Bookkeeping & Tax Filing
Track payables and receivables in all your business's financial transactions, including monthly financial reports, and reconcile bank statements into internal accounts.
Advisory Services Consultation
Provide professional advice across finance segments to solve doubts in taxation, and share any critical issues you need to understand and possibly address.
When is the starting date to file taxes in China? According to Chinese tax authorities, after 15 working days from a new company's setup, the enterprise must report to the tax administration office regarding the company's operating conditions, no matter if there is any income. It is required to file and keep track of, and organize, every financial transaction made through the business's operations.
Unwelcome Side Effects of Abnormal Accounting and Tax Declaration
Get peace of mind by letting our accountants handle your daily and monthly accounting activities, so you can stay compliant with tax laws and regulations. Avoid these potential troubles if abnormal accounting and tax declaration is detected in your company:
Legal Representative
Placed under a blacklist. Unable to take flights and high-speed trains in China.
Penalty
Penalty from Chinese tax authorities starting from RMB 2,000.
Prohibited From Emigrating
Unable to apply for and proceed with the emigration process.
Blacklisted in Mortgage
Unable to apply for a housing loan from a bank in China.
Endowment Insurance
Unable to collect endowment insurance.
Monitoring
The company's legal representative will be put under monitor; relevant subsidiaries will get impacted as well.
Government Subsidiary
Unable to enjoy government subsidiary, fund support, or tax rebate programs.
Bank Account
Unable to register a company bank account.
Do you need to understand whether your company's accounts are safe and compliant? How do you avoid undertaking substantial risk through wrongful acts of accounting?
Interested in Our Tax & Accounting Solutions?
Wilto is available to assist and share relevant information with you. Please contact us via the button below.
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