HANDLING YOUR ANNUAL AUDIT, LICENCE RENEWALS, COMPLIANCE & DIVIDEND DECLARATIONS

December 2006 China Briefing

The December issue of China Briefing is an end of year China audit & compliance special and deals with all the documentation and financial management preparation that is required to enable investors to get their company into shape and in compliance for 2006 China audits, licensing renewal obligations and dividend repatriations. With a national overview, including regional variations of preparing for your annual audit, written by Dezan Shira & Associates national audit team, including details of audit preparation in China for Representative Offices, Wholly Foreign Owned Enterprises and Joint Ventures, the piece also discusses audit items often queried at audit by qualified China auditors and gives tips on items to look out for. The issue also identifies the various documentation renewals that need to be met in terms of various China business licensing and annual examination requirements, together with a detailed explanation of after tax repatriation of dividends from China and the procedures to follow. Regional pieces on the new preferential policy treatments for IT companies investing in Dalian, demographics in Shanghai, Zhejiang & Jiangsu, revisions to export tax rebates and a discussion of China’s proposed income tax unification are also discussed.