Professional Accounting & Tax Services in China

Finerise provides comprehensive accounting and tax services for domestic and foreign-invested enterprises. Our team supports bookkeeping, tax filing, export VAT refund, audit preparation, and tax advisory — ensuring full compliance with China's evolving tax regulations.

Bookkeeping & Accounting

Daily transaction recording and financial statements fully compliant with CAS.

Monthly bookkeeping and bank reconciliation
Balance sheet, income statement, cash flow
Fapiao (invoice) management and verification
Fixed asset and inventory accounting

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Tax Filing & Compliance

Timely filing of all tax returns and liaison with tax authorities for full compliance.

Monthly, quarterly, annual filings (VAT, CIT, IIT)
CIT annual filing and settlement support
IIT monthly declaration and year-end reconciliation
Tax health checks and audit assistance

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Export VAT Refund Service

Full-cycle export tax refund services for trading and manufacturing enterprises.

Pre-refund eligibility assessment & tax planning
Customs declaration matching & invoice verification
Refund application via Single Window or e-Tax Bureau
Follow-up with tax authorities and fund tracking

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Our Core Tax Services

[VAT]

Value-Added Tax (VAT)

Monthly/quarterly filing, refund, and input-output reconciliation.

[CIT]

Corporate Income Tax

Quarterly/monthly prepayment, annual filing, and tax liability.

[IIT]

Individual Income Tax

Monthly withholding declaration and year-end settlement for employees.

[ST]

Stamp Tax (ST)

Periodic filing for contracts, account books, and licenses.

[PT]

Property & Urban Land Tax

Annual/semi-annual filing based on assessed value/area.

➦ Professional Accounting Services — Tailored for Your Business

Finerise delivers full-spectrum financial management and tax compliance. Our approach ensures your business meets China's regulatory requirements while optimizing tax efficiency.

Corporate Income Tax (CIT)

Assistance with annual CIT return and supporting documentation to ensure compliance.

Taxable income and liability calculation
Application of preferential policies (Hi-tech, SME)
R&D super-deduction (up to 100% or 120% for eligible R&D activities)
Risk review and pre-filing support

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Individual Income Tax (IIT)

Full IIT services for employers and foreign employees, including tax treaty benefits.

Monthly IIT withholding for all employees
Annual IIT reconciliation for resident individuals
Expatriate tax planning and treaty benefits
Foreign social security exemption application

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Value-Added Tax (VAT)

VAT compliance and planning for general and small-scale taxpayers under current policies.

VAT rate review (13%/9%/6%/0%)
Small-scale taxpayer simplified filing (1% levy rate until 2027)
Input VAT deduction optimization
Cross-border VAT advisory and zero-rating

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➦ Key Tax Policies and Updates (2025-2026)

Finerise stays current with China's evolving tax landscape. The following policies are particularly relevant for businesses in 2025/2026:

Foreign individual dividend tax exemption repealed — Effective 1 September 2026, dividends received by foreign individuals from foreign-invested enterprises in China are subject to 20% individual income tax, ending a 32-year tax exemption. Read full analysis →
Small-scale taxpayer VAT reduction — The 1% levy rate for 3%-rate sales has been extended to the end of 2027. Monthly VAT exemption threshold remains RMB 100,000 (RMB 300,000 per quarter).
Small-low-profit enterprise CIT incentive — Qualifying enterprises enjoy a 5% effective CIT rate (25% of taxable income × 20% tax rate) and the policy is extended to 2027. Eligibility: annual taxable income ≤ RMB 3 million, employees ≤ 300, total assets ≤ RMB 50 million.
CIT annual filing deadlines — For the 2024 tax year (filing due by 31 May 2025) and the 2025 tax year (due by 31 May 2026). Quarterly or monthly prepayments apply throughout the year.
Export VAT refund streamlining — China continues to accelerate refund processing, especially for well-rated businesses. Classification (Class I to IV) determines processing speed (5 to 20 working days).
New Company Law capital contribution rule — Under the 2024 revision, shareholders must fully pay subscribed capital within five years of company establishment. Finerise can advise on capital structure adjustments and tax implications.

➦ Export VAT Refund — Detailed Process and Timelines

Export tax refund is a key benefit for businesses engaged in international trade. Below is the standard process and classification-based processing times.

Required Documents for Export VAT Refund Application

Export customs declaration forms — Electronic data or paper copies from China Customs.
Special VAT invoices (purchase invoices) — Verified through the tax authority's invoice verification system.
Shipping documents — Bill of lading, airway bill, or other transport documentation.
Export sales contract — Commercial contract between exporter and overseas buyer.
Proof of foreign exchange receipt — Bank statements confirming receipt of foreign currency from the overseas buyer.
Detailed refund application forms — Refund summary and transaction reports generated by the refund system.

Export VAT Refund — Classification and Processing Times

[Class I]

Class I Exporters

5 working days — highest compliance rating

[Class II]

Class II Exporters

10 working days — standard compliant

[Class III]

Class III Exporters

15 working days — moderate risk

[Class IV]

Class IV Exporters

20 working days — high risk

Note: Processing times begin from the date the tax authority accepts a complete, error-free application. First-time applications or cases flagged for manual review may experience longer delays.

➦ Why Choose Finerise for Accounting & Tax Services?

+ Qualified accounting team — Experienced professionals familiar with Chinese Accounting Standards (CAS) and IFRS convergence.
+ End-to-end compliance — From daily bookkeeping to annual audit, we ensure your filings are accurate and timely.
+ Integration with company registration — For new companies, we coordinate business license, tax registration, and fapiao issuance.
+ Export VAT refund expertise — Specialised support for trading and manufacturing companies to optimise refund outcomes.
+ Tax advisory and planning — Proactive advice on tax incentives, transfer pricing, cross-border transactions, and corporate restructuring.
+ Transparent engagement — Fixed-fee or hourly options with clear scoping and no surprise charges.

Frequently Asked Questions

What are the monthly tax filing deadlines in China? +

Most taxes are due by the 15th of the following month. CIT annual filing must be completed by 31 May. Finerise tracks all deadlines and ensures timely submissions.

Is a foreign-invested enterprise required to have audited financial statements? +

Yes. All enterprises, including FIEs, must have their annual financial statements audited by a registered Chinese CPA firm. Finerise coordinates the audit process.

How does the new Company Law's five-year capital contribution rule affect accounting? +

Shareholders must fully pay subscribed capital within five years. Finerise can help adjust capital structures and assess tax implications.

What is the penalty for late tax filing or payment? +

Late filing may result in fines from RMB 2,000 to RMB 10,000, plus a daily surcharge of 0.05% on outstanding amounts.

Ready to Streamline Your Accounting & Tax Compliance?

Contact Finerise for a free consultation and tailored quotation for your accounting and tax service needs.

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