WHAT ARE THE MAIN DIFFERENCES BETWEEN PRC GAAP, IFRS AND US GAAP?

There are a number of government bodies you need to go through if you want to deregister a business. The period of business deregistrationgenerally would normally range from 3 months to half a year or even longer due to complicated procedures.

Of these government bodies, the tax authority is most critical. The tax authority will go to your company to conduct a full tax audit from the date of inception of the company until its field work date. All vouchers, ledgers, financial statements, contracts, tax filings documents, tax payment receipts, etc., must be provided for its review. Any questions from the tax authority should be promptly explained. Any discrepancy from tax rules may result in repayments, fines or penalties due to your noncompliance.

As a deregistration of company, we can work with your accounting staff, handle liquidation committee, and coordinate various government relationships to smoothly withdraw you from a non-performing business.

Are you setting up a company in China? Lee & Lee Associateswill provide you with the strong support!

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	Auditing	1. Assurance and Advisory Successful audits can best be achieved with an experienced audit team, dedicated audit management with years of experti...
	AUDITING	Successful audits can best be achieved with an experienced ifrs auditteam, dedicated audit management with years of expertise, strict quality contr...
	Tax Due Diligence	If you do not feel comfortable for your company’s tax accruals and payments, if you are facing a tax audit by local tax authority, or if you...
	FINANCIAL DUE DILIGENCE	To successfully enter the China market, you may have different options, such as working with a local sales/service agent, setting up a business fro...
	Bookkeeping	Chinese tax authorities require all enterprises to complete a tax filing on a monthly basis (quarterly for representative offices), failure to do s...

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