New Issue of China Briefing: Annual Compliance for FIEs

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Of interest to all foreign investors in China, this issue deals with handling your 2011 accounts, including annual compliance procedures, license renewals, and handling tax deductible expenses, corporate and individual income tax filings for 2011 income

Jan. 10 – The new issue of China Briefing Magazine, titled Annual Compliance for FIEs, is out now and immediately available as a complimentary PDF download on the Asia Briefing Bookstore.

In China, January and February bring New Year banquets, transportation chaos…and annual compliance procedures.

Prior to distributing and repatriating profits, foreign-invested enterprises (FIEs) must complete annual compliance, involving an audit, tax filing and inspection. These procedures are not only required by law (and completing them improperly could lead to fines), but are a good opportunity to conduct an internal financial health check.

In this magazine, we take you step-by-step through this process for representative offices, and for joint ventures, wholly-foreign owned enterprises, and foreign-invested commercial enterprises.

Closely connected to the annual compliance process are the topics of tax deductions and IIT calculations (especially for expatriates). In the second and third article of this issue, we overview both of these topics, clarifying what is tax deductible and the “who and what” of IIT for expatriates.

In this issue:

  • Annual Compliance Procedures
  • Tax Deductible and Non-Deductible Expenses
  • Individual Income Tax Filings and Declarations for 2011 Earnings

Annual Compliance for FIEs is out now and immediately available as a complimentary PDF download on the Asia Briefing Bookstore.

Dezan Shira & Associates is a boutique professional services firm providing foreign direct investment business advisory, tax, accounting, payroll and due diligence services for multinational clients in China, Hong Kong, India, Singapore and Vietnam. For further information on annual compliance procedures in China, please email

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