1. Service Introduction

We provide professional Chinese finance, accounting and tax compliance services in Shanghai for foreign individuals and overseas companies. Our team supports foreign entrepreneurs, foreign-invested enterprises (FIEs) and overseas SMEs running business in mainland China.

Our core services include monthly bookkeeping, corporate tax declaration, financial statement preparation, tax consulting, tax risk review, invoice management, annual audit coordination and annual enterprise inspection filing. We help overseas clients understand local tax obligations, avoid non-compliance penalties and maintain transparent financial records. We deliver bilingual financial reports and communicate in English, so foreign clients can clearly track their business financial status without language barriers.

2. Service Process

Initial Free Consultation You share your business background, company type and financial needs. We assess your tax compliance requirements and explain applicable rules.

Sign Service Agreement & Collect Documents We sign a formal service contract. You provide business documents including invoices, bank statements, expense receipts and contract copies on a regular basis.

Monthly Bookkeeping & Ledger Setup Our accountants sort source documents, record accounting entries and maintain standard accounting books following China accounting standards.

Tax Calculation & Tax Declaration We calculate payable taxes, submit tax filings electronically to the tax bureau before official deadlines and arrange tax payment accordingly.

Financial Report Delivery We send bilingual financial statements (balance sheet, profit & loss statement) each month or quarter. We explain financial data and tax results to you.

Annual Compliance Work We support annual financial auditing, corporate income tax final settlement and annual business filing. We keep continuous tax consulting support throughout the year.

3. Brief Introduction to China Tax System for SMEs

For small and medium-sized enterprises operating in China, the main tax types are as follows:

• Value-Added Tax (VAT)
• VAT is levied on sales of goods, provision of services and taxable activities. Enterprises are divided into general taxpayers and small-scale taxpayers. Small-scale taxpayers enjoy preferential VAT reduction or exemption policies periodically. General taxpayers can deduct input VAT from output VAT.
• Corporate Income Tax
• Taxed on corporate profit. Standard rate is 25%. Qualified small-profit SMEs can apply for reduced corporate income tax rates under China’s incentive policies. High-tech enterprises enjoy a lower 15% corporate income tax rate.
• Individual Income Tax (IIT)
• IIT applies to employees’ salaries, wages and other personal income. Companies are obligated to withhold and remit IIT for their staff, including foreign employees working in China.
• Surtaxes & Additional Levies
• City maintenance and construction tax, education surcharge and local education surcharge are calculated based on the actual VAT amount paid.
• Other Minor Taxes
• Depending on business scope, enterprises may also encounter stamp duty, property tax and land use tax.

Tax incentives for Chinese SMEs are updated regularly. We monitor policy changes and help foreign clients apply for eligible tax benefits legally.