BEIJING, Dec. 10 – Dezan Shira & Associates held a seminar entitled “How to Manage Your Annual Compliance Processes in China for 2010” on Tuesday night at the German Centre Beijing, addressing issues pertinent to representative offices and wholly foreign-owned enterprises operating in China.

Sabrina Zhang, the national tax partner for Dezan Shira & Associates, spoke to over 40 attendees from foreign companies representing a wide array of industries.

With China’s tax laws constantly changing and the deadline to file the annual enterprise income tax return quickly approaching, attendees were able to gain insights and determine if they have overlooked any important requirements before officially filing their returns.

Foreign companies in China are heavily scrutinized when it comes to paying corporate taxes. Foreign companies must remain abreast of new tax laws which can not only affect their upcoming tax filing but also require them to file an amended enterprise income tax return. Failure to do so will result in costly penalties, fines and even more scrutiny on future returns.

The presentation is available for download (complimentary subscription required). For more information on current tax issues in China and to receive updates on future events, please subscribe to our weekly newsletter.

For assistance with invoicing, or software recommendations concerning tax and accounting systems in China, please contact Sabrina Zhang, the national tax partner for Dezan Shira & Associates, at tax@dezshira.com.