With the new Corporate Income Tax law taking effect on January 1 this year, audits and accounts closure for 2008 are the first to be subjected to the new regulations applicable to this law. With accounts due to be presented for audit and annual inspection in early 2009, we examine the new regulations, the correct accounting procedures, how to correctly book expenses into your accounts, cater for transfer pricing issues during audit and provide advice on the annual review procedures that every China business must go through over the coming months to remain in compliance next year. In our on-going series on China’s third-tier cities, we visit Yangzhou in the Yangtze River Delta, Foshan in the Pearl River Delta and Baotou in Inner Mongolia.
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Dezan Shira & Associates provide a range of services for companies looking to undertake foreign direct investment into Asia, These include corporate establishment, accounting, tax, payroll, audit and due diligence. To learn more about the firm, please contact one of our specialists at china@dezshira.com, download our corporate brochure or visit at us www.dezshira.com
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