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Company Formation China



Accounting in China

Updated on Tuesday 12th June 2018

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Accounting-in-China.jpgAbout 20,000 companies have been registered in China, in the first two months of 2018, according to recent statistics. Because the business climate is appealing to both locals and foreigners, the Chinese market provides complete support and space for business development in a wide range of performant industries. As soon as you have incorporated a business in China, it is mandatory to hire the services of an accounting firm in order to control better the financial operations, in complete respect and agreement with the Accounting Law in China. It is good to know that in this direction, our company formation specialists in China can offer in-depth details and guidance for your smooth business operations.

Accounting services for a company in China

From the beginning, we mention that the Chinese accounting standards are also applicable in the mainland China and respect the worldwide international accounting rules, known as the IFRS (International Financial Reporting Standards). On request, our team of advisors can be chosen for accounting purposes of the selected business structure in China. We can offer the following accounting services at any time:
  • bookkeeping, payroll, and financial annual statements preparation and filing;
  • VAT registration and tax filings according to the legislation of the country;
  • tax advice and tax minimization methods for your company in China;
  • account payable services (we can manage the payment of invoices, run the bank accounts).
If you would like to benefit from proper accounting services for your company in China, we suggest you get in touch with our Chinese agents in company incorporation.

What is bookkeeping in China?

Under the Chinese law, bookkeeping and records of financial activities of a company must be kept for at least 15 years. The same law mentions that all business transactions in China must have a fapiao or the tax invoice which shows that the Chinese authorities will receive the tax payment. In other words, fapiaos are the legal statements that companies pay their taxes in China. In this direction, firms in China are obliged to keep all invoices (incoming and outgoing) with the help of bookkeeping. We also mention that our team of advisors can help you with preparing and drafting the documents for tax registration or VAT returns. Besides bookkeeping, payroll services are mandatory in a firm: we can help you manage the registration for social contributions, employee registration, and salary calculation.

What are accounts receivable services in China?

The accounts receivable services can be offered by our team of advisors in China who can help business persons handle the operational risks in compliance with the laws in China

What other accounting services can we offer in China?

Knowing the business needs of entrepreneurs, our team of accountants can help them with bank payment management and accounting control procedures in the firm. Let our team take care of the mandatory requirements in your business, linked to the accounting matters.

What is a financial planning in China?

Financial planning in China refers to the ways in which your company can handle the profits in a smart manner. There are numerous strategies that can be adopted in your firm when thinking of a financial planning, like educational and retirement plans or managing debts.
We kindly invite you to benefit from the accounting services in China offered by our team of consultants, so please feel free to contact us at any time.


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Call us now at +86-755-82148419 to set up an appointment with our company formation specialists in China. Alternatively you can incorporate your company without traveling to China.

As a Tannet Group Limited client, you will benefit from the joint expertize of local lawyers and international consultants. Together we will be able to offer you the specialized help you require for your business start-up in China. 

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