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2022-1-14

One Minute to Know the Statutory Surplus Reserve

Each end of the year, a company shall recognize a kind of reserve calculated on the basis of its profit after tax, the rate is 10% when it obtains accounting profit.

 
It is the statutory surplus reserve.
 

According to the Company Law of the People’s Republic of China, a company can stop to contribute this reserve when the accumulated sum of statutory surplus reserve recognized is more than 50% of its registered capital.


#Statutory Surplus Reserve in China


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