Maintenance of Representative Office in Shenzhen

Once the Representative Office is officially registered. It's required to maintain properly accounting records in accordance with accounting standards in China and report taxes in both monthly (for business tax) and quarterly (income tax) basis. The late submissions will face penalty and surcharges.

Representative offices must register with the local tax authority for tax reporting method. After negotiated, the tax reporting method will be fixed (for instance: the cost plus method).

Our accountant could assist you and negotiating with your local officer to use the proper tax reporting method for your Rep. Office. And submit the tax reports on your behalf. We could also advice you with tax planning opportunities this might help Rep. Office reduce the burden of tax of Rep. Office and it's staff.

We can also advise you of tax planning opportunities that might help mitigate the tax costs of the representative office and its staff.

The details of our services are set out below and our fee schedule is set out in "Form A"

(1) Update the books in accordance with the Chinese Accounting Standards;
(2) Prepare monthly financial statements for tax filing purpose;
(3) File monthly Business Tax Return and Individual Income Tax Return;
(4) File Corporate Income Tax Return quarterly
(5) Audit of Financial Statements

Detailed Breakdown of Fees
The figures shown in the table below are estimations and actually costs will be discussed after review of the actual operation of the representative office

Form A:

No. Services Period Separate Costs  Package Cost 
01 Update the books of accounts  Monthly 400RMB/Month
02 Business Tax Filing  Quarterly
03 Individual Income Tax Filing  Monthly
04 Corporate Income Tax Filing  Quarterly 
05 Audit of Financial Statements  Annually 800RMB/Year

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