One of the difficulties of any commercial or manufacturing establishment in China is to understand the financial and fiscal practices of the country, ensure its compliance and control the fulfillment of the practices handed down by the headquarters
ASECORP offers a wide range of financial and fiscal services for companies recently established in China as well as for companies with a consolidated structure in the country.
FINANCIAL AND FISCAL PLANNING
A good structure and plan for accounting and taxation is the first step to minimizing the future tax burdens, take advantage of the existing fiscal advantages and ensuring clear accounting standards, accepted by the fiscal authorities in China
Asecorp studies the individual situation of each client and provides support in the structuring of the accounting system as well as the fiscal planning of the company, bringing in its experience and knowledge of the fiscal and accounting system in China.
FINANCIAL AND FISCAL ADVICE
A lot of companies in China require financial and fiscal assessment even if they already have a consolidated structure in the country. A lot of companies are aware of the importance and difficulty of this aspect when its turnover starts being important.
Asecorp provides its Financial and Fiscal Advice services to companies which already require a solution of a very concrete question, as well as to those companies who want to corroborate that its accounting and taxation are in compliance with the requirements of the authorities in China.
Asecorp also provides advice in the repatriation of benefits to headquarters and transfer pricing policies related to operations between related companies.
FISCAL, FINANCIAL AND ACCOUNTING SUPERVISION
During the first establishment phase, Asecorp can take care of the initial accounting set up and train an accountant who can then take care of the accounting of the company. In this phase, Asecorp can also deal with the registration of the company with the fiscal authorities, request the GTP (General Tax Payer) status and manage any application for aids and exemptions on behalf of the company.
To those companies already established and consolidated in China, Asecorp offers its accounting, fiscal and financial supervision services. These services might be done monthly or quarterly according to the client's requirements. Asecorp verifies periodically that the company complies with its tax obligations according to the law and that there is no mismatch between accounting and tax return of EIT, VAT, etc.