A WFOE is required to update its books on a regular basis. You will need to:
– File a tax return (monthly)
– File individual tax return report (monthly)
– File Corporate Income Tax Report (quarterly)
– File Annual Corporate Income Tax Report (annually, after the accounting year end)
More on annual reporting
A WFOE is required to prepare audited accounts under the company laws. In addition, a copy of the audited financial statements is to be furnished with tax report purpose.
The audited financial statements are not available to the public or to the foreign authorities, except those of a listed company.
We can provide supporting services after incorporation, such as book keeping, auditing and tax filings for both the WFOE and its employees.