China Company Tax Advisory

China Company Tax Advisory

China taxation is a financial charge or other levy imposed upon a taxpayer (an individual or legal entity) by a state or the functional equivalent of a state such that failure to pay, or evasion of or resistance to collection, is punishable by law. Taxes are also imposed by many administrative divisions.  Taxes consist of direct or indirect taxes and may be paid in money or as its labor equivalent.


In the current tax system, China's taxation includes taxation on turnover (including value added tax, consumption tax, business tax and customs duty), taxation on profits/income (including corporate income tax for enterprises with foreign investment and foreign enterprises, and individual income tax), taxation on property and deeds (including real estate tax, contract tax and stamp duty), and taxation on natural resources (including resources tax), which are respectively in relation to different objects of taxation.


Moreover, China's taxation can be categorized into central taxation, local taxation, as well as local and central sharing taxation, in terms of revenue attribution and collection jurisdiction, according to which, the tax preferences and tax rates enjoyed by different corporations are always different.


Major Taxation in Mainland China:

•Corporate Income Tax

•Value Added Tax

•Business Tax

•Consumption Tax

•Real Estate Tax

•Land Value Added Tax

•Stamp Duty

•Customs Duty

•Individual Income Tax

•Tax Planning for Levying Value-added Tax in Lieu of Business Tax


Services provided as China Company Tax Advisory

•Application and Advisory for Tax Preferences

•Tax Declaration

•Individual Income Tax Declaration for Foreign Nationals

•Tax Planning of Fixed Assets

•Long-Term Tax Advisory

•Customs Duty and Goods Tax Advisory

•Domestic Investment Structure Assessment

•Transfer Pricing Service

•Provision of the Latest China Taxation Ordinances, Amendment of Rules and Regulations, as well as Practice Bylaw Materials.

•Diagnosis of China Taxation

•Tax Planning for Levying Value-added Tax in Lieu of Business tax


Contact Us

If you have further queries, please contact Tannet

24 hours Malaysia hotline:603-21418908;

24 hours Hong Kong hotline:852-27837818;

24 hours China hotline:86-755- 36990589;


TANNET GROUP: http://www.tannet-group.net

China Company Accounting Services

China Company Accounting Services

Accounting Services for China Companies means the follow-up accounting processes going in after a company is registered. As a global service provider, Tannet provide global clients with financial accounting management and consulting services. We can also help enterprises with tax regulation, legally tax avoidance, strategic management of financial and taxation rationalization and legalization.



The main goal of accounting is to provide a company with clear, comprehensive, and reliable information about its economic activities and status of its assets and liabilities. This information is presented in the form of accounting reports like the balance sheet, income statement, statement of changes in equity (also called shareholders' equity statement), and statement of cash flows (also called cash flow statement).By means of accounting reports it is possible to perform the following.


Accounting Services for China Companies

(1) Earlier Stage: Taxation Application:

–Tax type setting and verification;

–Tax agent training, declaration system purchasing, three parties tax deduction agreement;

–Legal representative meet with tax officer;

–General tax payer qualification application and verification;;

–Tax control system purchasing, training Application:

–Invoices purchasing


(2) Middle Stage: Accounting Declaration

–Financial software configuration, accounting book setting;

–Statements drafting and declaration

–Tax declaration (Circulation tax, personal tax, company income tax, statement and attached statement);

–Translation and sending of statements;

–VAT invoice deduction and verification;

–Employees’ social security, insurance and wage declaration;

–Bank reconciliation and foreign exchange settlement;

–Binding and recording of accounting documents.


(3) Later Stage: Financial Trusteeship

–Application of tax rebates;

–Invoice purchasing and management;

–Invoice issuing and delivery;

–Import & Export products invoice data collection;

–Auditing and asset evaluation;

–Annual settlement of Financial Bureau;

–Tax type increasing and changing;

–Application of tax exemption.

–Non-trade Certificate registration.


China Company accounting standard is different than any other countries; only under the complete financial system and legalization circumstances can foreign invested enterprises stand at a legal position in their future expanding stage when they need to allocate shares, reinvestment, merger and acquisition. In China, it is not accountant and interpreter you need, what you need is a comprehensive financial strategic management service institution which deserves your trusty.


Tannet can assist with China accounting services, including:

1. Accounting, financial reporting and consolidation

2. The preparation of management and statutory accounts

3. Arranging audits

4. VAT advice, registration and related services

5. Financial modeling and forecasting

6. Preparation of business plans

7. Preparation and filling of tax returns

8. Tax computation and submission

9. Debt analysis and recovery services


Contact us
If you have further queries, please contact Tannet
24 hours Malaysia hotline:603-21418908;
24 hours Hong Kong hotline:852-27837818;
24 hours Hong Kong hotline:86-755- 36990589;
TANNET GROUP : http://www.tannet-group.net

Outsource Payroll Services

Outsource Payroll Services

Payroll is the sum of all financial records of salaries for an employee, wages, bonuses and deductions. In accounting, payroll refers to the amount paid to employees for services they provided during a certain period of time. Businesses may decide to outsource their payroll functions to third party for better management.

Outsource Payroll Services

Advantages of Outsourcing :

  1. Time Savings – Payroll processing inside your business is a time-consuming process. Outsourcing payroll allows employers to concentrate on their core business and frees up the business owner, human resources or accounting personnel to work more on strategic tasks that could ultimately affect your bottom line.
  2. Reduce Costs – The direct costs of processing payroll can be greatly reduced by working with a payroll provider.  If you outsource payroll, you don’t have to worry about your payroll processing company calling in sick, resigning, wanting to take a vacation OR wanting to request a possible maternity leave that you have to pay for.
  3. Avoid Mistakes / Penalty – A good payroll-services provider is far less likely to make a serious error than your in-house staff. Many outsourced payroll providers calculate payroll taxes, manage filings and payments and will assume the cost of penalties due to incorrect calculations or late payments as long as you provide the necessary information and funds on time.
  4. Team of Experts – By outsourcing payroll, a small business can take advantage of the experts. The most valuable payroll companies have a team of experts who handle many areas of Human Resources and Payroll.
  5. Reliable & Enhanced Security – Payroll processing is a complex and potentially risky business operation. Even with long time trusted employees, there is always a risk of identity theft, embezzlement of funds, or tampering with company files for personal gain. By outsource to the reliable payroll provider, business owner don't have to worried on this.
  6. Peace of Mind – With the help of a professional payroll service provider, the hassle and pain often associated with processing payroll is gone. You provide the basic information, and your payroll company takes care of the rest. you can eliminate the worry that many experience when it comes to paying employees and taxes correctly and on time


For a foreign investors stepping into a new market (China, Hong Kong and Malaysia), they may require a reliable agent to deal with the human resource management because it takes much time and energy. Tannet Malaysia can assist corporate with combining human resources and development strategy, to effectively enhance enterprises' results and benefits, and help enterprises to design flexible and encouraging remuneration packages, to increase employee's working capacity and sense of belonging.


Contact us
If you have further queries, please contact Tannet
24 hours Malaysia hotline:603-21418908;
24 hours Hong Kong hotline:852-27837818;
24 hours Hong Kong hotline:86-755- 36990589;
TANNET GROUP : http://www.tannet-group.net

China Taxation Service

China Taxation Service

Tannet Group Limited is a diversified international company set up in Hong Kong in spring 1999. With more than ten years’ development, the group has owned more than 38 holding subsidiaries, 88 equity participants, over 3000 cooperators and more than 30000 direct clients around the world. (more…)