Corporate Income Tax
There are lots of different treatments between the prevailing accounting system and tax system in China. The objective of theis to present financial statements on a true and fair basis, while the tax system represents state sovereignty. Many foreign investors are confused and put off by the differences between the two systems.
Tax consultant in shanghaiauthorities require all Foreign Invested Enterprises (“FIEs”) perform a tax reconciliation by the end of April each year. By tax reconciliation, tax authorities require additional payment for under-paid Corporate Income Tax (“CIT”) or refund over-paid CIT during the prior year.
Based on our statutory financial statement audit or, we can propose relevant tax adjustments, prepare complicated tax filing documents, and do tax filing for you on a timely, accurate and legal basis.
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