China Tax & Accounting Service

China Tax & Accounting Service

Here we give you an overview of tax in China, including tax on income, tax on transactions and other taxes. Also check out for YINGKE’s China tax and accounting services and our total support & back office services made into packages for you to choose from. As the largest law firm in China, we are present in 40 cities in China and 30 cities overseas. Wherever your business is located at in China, we can reach out to you and give you a peace of mind.

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Overview of Tax in China
As one of the largest markets in the world, China is increasingly attracting global investors. In order to run your business in the most efficient manner, you should understand the potential tax costs that would incur before incorporating a China company such as a WOFE, and needless to say, after your China company has been established. An overview of major taxes applicable to foreign investors are listed as follows:

Tax on income
1. Corporate income tax ("CIT")
•  Tax rate 25%: the standard tax rate is 25%
•  Tax rate 15%: if your company is engaged in High Tech industries encouraged by the government, your tax rate can be reduced to 15%. Tax holiday is applicable to certified high tech enterprises.
2. Individual income tax ("IIT"): progressive rates range from 3% to 45%.

Tax on transactions (turnover tax)
Value-added tax (VAT) – applicable to the sale of all industries since May 2016.
•  Tax rate 17%: The standard VAT rate for goods is 17%.
•  Tax rate 11%: The VAT rate for construction, real estate, transportation services, basic communication services and postal services is 11%.
•  Tax rate 6%: Financial services, consumer services, value-added communication services, IT services and most other services apply to the 6% VAT rate.
•  Tax rate 3%: The tax rate for Small-scale Taxpayer (Annual Revenue less than RMB5.0 million) is 3%.

Other Taxes
•  Land appreciation tax
•  Resources tax
•  Real estate tax
•  Vehicle and vessel tax
•  Motor vehicle acquisition tax
•  Stamp tax
•  Tax levied by the Customs
•  Custom duties
•  Deed tax

China Tax & Accounting Services
After your company is established, YINGKE can help manage all of your on-going administrative requirements, a complex and time-consuming process involving correspondence with the government and relevant bureaus.
Through our Professional Accountants and Tax Experts, YINGKE can manage your China company's tax and accounting more efficiently.

 1. Bookkeeping: Establishment and Maintenance of Bookkeeping System for Tax Purposes in Accordance with Chinese Accounting Standards.
 2. Annual Return: Annual Company Report and Annual Financial Report to the company register authorities as required by Chinese law.
 3. Preparation of Company Accounts: Preparation of Monthly Financial Statements for Tax Filing and Submission, Including the Generation of Balance Sheets and Income Statements.
 4. Tax Return: Filing of Value-added Tax (VAT), Corporate Income Tax(CIT), Individual Income Tax, and other taxes and government fees.
 5. Tax Advice: Tax planning and advice to ensure the lowest but lawful tax payment.
YINGKE will assign a TOTAL SUPPORT Account Manager to your company as a single point of contact, thus enabling us to build a good relationship and help us better understand your business requirements.

Total Support & Back Office Services
•  Keeping of Company Licenses and Stamps
•  Capital & Basic Bank Account Maintenance
•  Keeping of Company Invoice Machine
•  Keeping of Company Invoice Machine

China Tax & Accounting Service Costs
To make it easier and more convenience for our clients, YINGKE offers three different packages of tax and accounting services to different types of companies for your references:
Tax & Accounting Service Packages:

Largest law firm in China and Asia Pacific
Broad Network: 40 offices in China, 30 offices overseas, covering all major cities in China
5000 Lawyers & + 2000 Consultants
Recognized as Leading Law Firm by ALB and Legal 500 and other Institutions
Beijing & North China: Beijing, Tianjin, Dalian, Shenyang, Harbin, Changchun, Shijiazhuang, Zhengzhou, Jinan, Qingdao, Hohhot
Shanghai & East China: Shanghai, Hangzhou, Ningbo, Wenzhou, Suzhou, Nanjing, Wuxi, Hefei, Nanchang
Shenzhen & South China: Shenzhen, Guangzhou, Dongguan, Zhuhai, Shantou, Foshan, Xiamen, Quanzhou, Fuzhou
Chengdu & West China: Chengdu, Chongqing, Xi'an, Taiyuan, Wuhan, Changsha, Kunming, Lhasa, Urumqi, Nanning, Guiyang, Yinchuan
Mr. Rafael Ye
Tel: +86 21 3669 7811
Add: 5F Yingke Lawyer Tower, Jiangchang 3rd Rd, Jingan District, Shanghai
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