Bookkeeping in China can be quite difficult if you don’t know how
Whether you are a WFOE, a representative office or a simple local company, the need for keeping your books in China is many and varied.
If you add up all of the requirements the government imposes on a company, it can be quite tough. From monthly through to quarterly and annual requirements, depending on the company type, you may find yourself bogged down in the endless red tape that exists in any country’s tax system.
Just to keep you on your toes – it changes from city to city, province to province
Just when you thought you had a handle on this tax issue, you will find there are issues around working in multiple locations that you didn’t count on. From the amount of registered capital required through to the different provincial and municipal tax levies that apply, it is probably best to ask for the assistance of an expert.