Cloud Accounting in China
With more services being streamlined, accounting has been no exception and with cloud accounting business owners, shareholders and managers are
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With more services being streamlined, accounting has been no exception and with cloud accounting business owners, shareholders and managers are
Most business owners are taking full advantage of automation capabilities, with advancements in the accounting industry being no exception. From
China aims to strengthen regulations in the certified public accounting sector, this is according to statements made by China’s Deputy
This article highlights the difference between IFRS and Chinese GAAP and how this may cause difficulties for foreign-invested companies in China.
In China, foreign-invested enterprises are required to maintain a reliable record of accounting in accordance with Chinese accounting laws and principles and submit tax filings on an monthly basis. In this article we discuss accounting in China and particularly the differences between accrual- and cash-based accounting and its relevance within the Chinese Accounting Standards.
Most companies in China must meet several monthly, quarterly and annual tax deadlines and compliance requirements. This article will discuss Corporate Income Tax (CIT), Value Added Tax (VAT) and Surtaxes, Individual Income Tax (IIT), the Housing Fund, and Social Security.
A challenge for foreign companies in China is to determine how to repatriate their profits out of the country. This article explains how any organization can issue dividends to the parent company.
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