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Main >>> FAQ |
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Frequently Asked Questions |
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How quickly should a new company start to meet tax and accouting related requirements? |
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Upon receiving the proper business license, each enterprise is require by law to iniatiate government level tax collection and accounting procedures within one month.
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When should we process common tax requirements? |
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Each enterprise should follow goverment regulation and pay government level tax with the tax affairs registers on each month.
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What preferential tax benefits do high tech companies enjoy? |
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Business tax: high tech enterprises that engaged in technical transfer and technical development service may be exempt from certain business taxes.
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Enterprise income tax: inside high tech industry development zones, new tech enterprises can reduce their tax accordingly to a 15% tax rate with levies in income. With the authorization of the tax affairs department, newly established high tech companies may enjoy tax exemption for three years with further reduction in the fourth year to sixth year according to a 7.5% tax rate levie.
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When should we initiate our annual tax review? |
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All enterprises which register prior to Dec. 31st are require by law to make an annual tax review in between Jan. 1st and Apr. 31st.
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What are the benefits of using an accounting outsourcing firm compare to hiring my own accountant? |
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Linwo provides specialize knowledge and is an establish firm in accounting outsourcing. Our services provide the best value for our customer's needs.
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