Once your RO/WFOE/JV is officially registered, it's required to maintain proper accounting records in accordance with accounting standards in China and to report taxes on both monthly (for business tax, individual income tax) and quarterly (corporate income tax) basis. Late submissions will face penalties and surcharges. WFOE/JV must register its tax reporting method with the local tax authority and apply for an official invoice book which will allow the WFOE/JV to issue invoice to its clients within China and abroad. Our part time accountant can assist you by negotiating with your local tax officer to use the proper tax reporting method for your WFOE/JV, as well as submit the tax reports monthly and quarterly on your behalf. We can also advise you with tax planning opportunities that might help the RO/WFOE/JV reduce the burden of tax on itself and its staff.

Accounting & Bookkeeping

Services Include: 

• - Initialization of accounting system
• - Clear up the monthly receipts, invoices and official invoices
• - Make original accounting vouchers based on all business materials provided by clients
• - Generate sub-ledger, general ledger
• - Prepare monthly financial statements including balance sheet and profit statement
• - Submit the financial statements in Chinese to relevant local government, tax bureau, statistic bureau
• - Submit the financial statements (PRC rules) in Chinese and English to management of the company (Solution 2 / 3 only)
• - Print out all vouchers from Accounting System for filing purpose
• - Binding vouchers with original invoices, receipts and bank slips based on the requirement of Ningbo Finance Bureau

Tax Declaration

Services Include:

• - Periodically (Monthly) Tax Declaration in e-tax system for Business Tax, VAT and surtax
• - Periodically (Quarterly) Tax Declaration in e-tax system for Enterprise Income Tax
• - Monthly individual income tax filings & declarations for local & foreign employees
• - Non-resident corporate income tax quarterly return
• - Annual stamp tax return preparation & filing (additional charge)
• - Annual EIT clearance process, preparation of annual tax return & filing(additional charge)
• - Export VAT rebate documentations and monthly declaration
• - Assist for Tax treatment ratification, and invoice books application
• - VAT general tax payer qualification application
• - VAT invoice re-mote verification system application

Solutions

Solution 1：Chinese Accounting ServiceService Scope: 

• - Chinese Speaking Accountant offer above services.
• - Part-time Service

We recommend the professional accounting firm, which have long-term cooperation with us, for your reference. We assist to provide both Chinese and English contract, if clients signed service contract with chosen accounting firm. 

Fees: The below fees are average marketing rate just for your reference. Please negotiate with accounting firm by oneself.

Types	Service Fee (RMB)
Representative Office ( Located in Downtown)	500
Representative Office (Located in BeiLun, ZhenHai, CiXi, YuYao)	600 (ZhenHai, BeiLun District) 1000(CiXi, YuYao)
WFOE/JV (Consulting / Service)	800-1000
WFOE/JV (Trading / FICE)	1500-2000
WFOE/JV (Manufacture)	2000-2500
WFOE/JV (Food & Beverage)	800-1000

Solution 2：Chinese Accounting + English ServiceService Scope:

• - Chinese Speaking Accountant offer above services.
• - Part-time Service
• - Reindeer Station offer standard provide English report in accordance with tax statement standards of Chinese Government regularly.
• - Reindeer Station Assist throughout the English communication
• - Reindeer Station make Supervision and coordination for quality of the whole service.

We recommend the professional accounting firm, which have long-term cooperation with us, for your reference. We assist to provide both Chinese and English contract, if clients signed service contract with chosen accounting firm.

Fees: The below fees are average marketing rate just for your reference. Please negotiate with accounting firm by oneself.

Part time English accounting services	Service Fee (RMB)
Representative Office ( Located in Downtown)	800
Representative Office (Located in BeiLun, ZhenHai, CiXi, YuYao)	800
WFOE/JV (Consulting / Service)	1200-1500
WFOE/JV (Trading / FICE)	2000-2500
WFOE/JV (Manufacture)	2500-3500
WFOE/JV (Food & Beverage)	1200-1500

Solution 3：English Accounting ServiceService Scope:

• English Speaking Accountant offer above services.
• Part-time Service
• Reindeer Station make Supervision and coordination for quality of the whole service.

We recommend the professional accounting firm, which have long-term cooperation with us, for your reference. We assist to provide both Chinese and English contract, if clients signed service contract with chosen accounting firm.

Fees: The below fees are average marketing rate just for your reference. Please negotiate with accounting firm by oneself.

Part time English accounting services	Service Fee (RMB)
Representative Office (Within Downtown)	800
Representative Office (BeiLun, ZhenHai, CiXi, YuYao)	1000
WFOE/JV (Consulting / Service)
WFOE/JV (Trading / FICE)
WFOE/JV (Manufacture)
WFOE/JV (Food & Beverage)