Bookkeeping and Tax Filing in Foshan

Bookkeeping means keeping statutory accounts together with monthly and annual tax filings. In China the obligation starts once tax registration is complete, whether or not there is revenue. We handle monthly bookkeeping, VAT and corporate income tax filing, annual reconciliation and the annual report for foreign-invested companies and representative offices, with reporting to your head office in English.

Updated 2026-10·Finerise Consultants·+86 757 8312 2090

What the month includes

Source document handling: bank statements, invoices, contracts, payroll, social insurance records
Bookkeeping: vouchers, general and subsidiary ledgers, month-end closing
Filings: VAT and surcharges, corporate income tax prepayment, individual income tax withholding, stamp duty
Statements: balance sheet and income statement, cash flow statement on request
Invoice administration: type approval support, quota applications, input VAT certification
Annual items: corporate income tax reconciliation, annual report, statistical returns

Filing calendar

Item	Cycle	Deadline
VAT and surcharges	Monthly or quarterly	Within 15 days of period end
Corporate income tax prepayment	Quarterly	Within 15 days of quarter end
Individual income tax withholding	Monthly	Within 15 days of the following month
Annual corporate income tax reconciliation	Annual	By 31 May of the following year
Annual report to market regulator	Annual	1 January to 30 June
Financial statements	Quarterly or annual	Per the tax authority's requirement

Deadlines falling on public holidays are extended. Late filing brings penalties and lowers the enterprise tax credit rating; persistent failures can lead to non-normal taxpayer status.

VAT status: small-scale or general

The choice is essentially whether your customers need to deduct input VAT. If your main customers are general VAT taxpayers demanding special invoices, you will usually need general status even at modest scale.

Item	Small-scale	General taxpayer
Method	Levy rate, simplified	Output VAT less input VAT
Invoices	General invoices; special invoices via application	Issues special VAT invoices directly
Customer deduction	Customer cannot deduct	Customer can deduct input VAT
Accounting	Simpler	Full input/output tracking and invoice control

Thresholds, levy rates and preferential policies change. Apply the rules currently issued by the State Taxation Administration and the Guangdong tax authority.

Where foreign-invested companies get caught

Nil filing misunderstood: nil returns are still required, and long runs attract scrutiny
Missing fapiao: costs without compliant invoices are not deductible, so income tax rises
Commingled accounts: shareholder personal accounts used for company money can be treated as dividends or capital withdrawal
Abnormal input invoices: input VAT must be reversed, with audit exposure
Small taxes overlooked: stamp duty, property tax and the disability employment fund accumulate quietly

We issue a monthly filing summary with the accounting points that matter, and raise document problems in the month they appear rather than at year end.

Frequently asked questions

Do you work in English?

Yes. Proposals, monthly summaries and financial statements are provided in English, with the Chinese statutory books maintained in parallel.

Who signs the tax filings?

Filings are submitted under the company's own electronic tax account, authorised by the legal representative. We prepare and submit, and the company remains the taxpayer of record.

What happens if we miss a filing?

Late filing triggers penalties and lowers the tax credit rating. Repeated misses can result in non-normal taxpayer status, which freezes invoicing and complicates bank and licence matters.

Can you take over from another provider mid-year?

Yes, but the handover needs a cleanup first: reconcile bank statements to the books, clear suspense accounts, rebuild missing periods and deal with abnormal invoices. Plan for that work before the next filing deadline.

Do representative offices need bookkeeping too?

Yes. An RO must keep books and file returns, including nil returns when there is no activity. Its funding flows from the head office need to be documented.

Tell us the situation first, then we talk options

Send us your entity type, location and what you need done. We will set out the documents required, which steps need you in person, and a realistic timeline.

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