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2022-10-24

Monthly Works for Companies in China

Common monthly works regulated by government for WOFE(s) mainly include as below. 

1. Tax filing & tax payment.
Companies in China need to do the regular tax filing according to the tax regulation. As we introduced before there are two kinds VAT taxpayers (general VAT taxpayer and Non general VAT taxpayer), their VAT tax filing & VAT tax settlement periods have a little difference. 


2. Filing new employees' social insurance and housing fund. 

Adding new employee(s) to the company’s social insurance account and housing fund account, respectively.
Each company must to pay social insurance and housing fund for every employee from the beginning of the employee hired.

3. Remove departing employee(s) from the company's social insurance account and housing fund account.


4. Social insurance and housing fund filing & payment.
At present, in many cities, the payments can be paid automatically from companies' bank account after signed the agreement with their banks.

5. Statistic report filing.

Some cities still require foreign companies to file statistic reports to statistic bureau. It is expected to be cancelled in future according to government reformation for reports. 

#Monthly Works for Companies in China after company registration


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