2026 VAT Filing Deadlines: Updated Calendar for WFOE Tax Compliance
May 1, 2026China's SAT has adjusted monthly and quarterly tax filing deadlines for 2026. Download our updated compliance calendar to ensure your WFOE never misses a deadline.
Bookkeeping Service China โ WFOE Accounting & Monthly Tax Filing
Keep your WFOE fully compliant with professional bookkeeping and accounting services. Our team handles monthly VAT filing, quarterly CIT filing, annual audits, and full financial record-keeping โ all done remotely so you can focus on your business.
๐ Request Free Bookkeeping ConsultationWhat Is WFOE Bookkeeping and Why Is It Mandatory?
Bookkeeping service (ไปฃ็่ฎฐ่ดฆ) for a WFOE in China is not optional โ it is a legal requirement under Chinese accounting law. Every foreign-invested enterprise must maintain accurate financial records in Chinese, file monthly and quarterly tax returns, and submit an annual audit report regardless of whether the company is actively trading or generating revenue. The China GAAP accounting standards differ significantly from IFRS and US GAAP, and the tax filing calendar โ with monthly VAT returns due by the 15th and quarterly corporate income tax (CIT) filings โ leaves no room for late submissions. Penalties for non-compliance range from late fees and interest charges to more serious consequences such as tax bureau audits and blacklisting of the legal representative.
Our WFOE bookkeeping service takes the entire accounting burden off your shoulders. We assign a dedicated accountant to your company, maintain your general ledger in accordance with Chinese accounting standards, process expense and revenue records, and file all tax returns on time. With TEK China, you get full financial compliance without the overhead of hiring an in-house accounting team in China.
Our Bookkeeping & Accounting Services
1. Monthly Bookkeeping & Ledger Maintenance
We maintain your general ledger, accounts payable/receivable, fixed asset register, and bank reconciliation in accordance with China GAAP โ all in Chinese as required by law.
2. VAT Filing & Tax Declaration
Monthly VAT returns โ including input tax credit reconciliation and output VAT calculation โ filed before the 15th of each month to avoid late penalties.
3. Quarterly CIT & Annual Tax Filing
Quarterly corporate income tax filings with estimated tax payments, plus the annual CIT reconciliation (ๆฑ็ฎๆธ ็ผด) due by May 31st of the following year.
4. Annual Audit & Financial Statements
Preparation of annual financial statements and coordination with a CPA firm for the statutory annual audit โ a mandatory requirement for all WFOEs in China.
What Is Included in Our Monthly Bookkeeping Package?
Our standard WFOE bookkeeping service covers the full scope of monthly accounting and tax compliance required by Chinese regulations:
- Expense Processing โ review and recording of all company expenses with proper fapiao (ๅ็ฅจ) verification and compliance checks
- Revenue Recognition โ recording of sales invoices issued and revenue recognized in accordance with Chinese accounting standards
- Bank Reconciliation โ monthly reconciliation of corporate bank accounts against accounting records
- Payroll Accounting โ recording of salaries, social insurance contributions, and individual income tax (IIT) withholdings for both Chinese and foreign employees
- Monthly VAT Filing โ preparation and e-filing of VAT returns, including input credit claims and output tax calculation
- Quarterly CIT Filing โ preparation and e-filing of quarterly corporate income tax returns
- Annual Financial Statements โ preparation of the balance sheet, income statement, and cash flow statement for the annual audit
We also provide additional services such as stamp duty filing, property tax filing, and related party transaction reporting as needed for your specific WFOE.
Documents We Need to Start Your Bookkeeping
To begin providing bookkeeping services for your WFOE, we typically need:
- Business license and tax registration certificate copies
- Company chops (financial seal and invoice seal) โ or we can work with scanned copies
- Previous accounting records and tax filings (if any)
- Current month's bank statements and expense fapiao
- Sales invoice records for the period
- Payroll details including employee contracts and social insurance contribution records
- Access to your e-tax account or authorization for TEK China to file on your behalf
Bookkeeping Service Timeline & Cost
We can take over your WFOE bookkeeping from day one of your company's operations, or seamlessly transition from your previous accountant. The onboarding process typically takes 1 to 2 weeks to review historical records and set up your accounting file. Monthly bookkeeping and tax filing work is completed within the first 10 working days of each month.
Monthly fees depend on the volume of transactions, the complexity of your business (trading vs consulting vs manufacturing), and whether you require additional services such as payroll processing. We provide a fixed monthly fee proposal after reviewing your company's situation โ no hidden costs.
๐ Get your personalized bookkeeping quote: Contact us with details about your WFOE and receive a fixed-fee proposal within 24 hours.
Frequently Asked Questions About WFOE Bookkeeping
Is bookkeeping mandatory even if my WFOE has no revenue?
Yes. Even a dormant WFOE with zero revenue must file monthly VAT returns (zero-amount filing) and quarterly CIT returns. Failure to file on time results in late penalties and potential blacklisting of the legal representative, even if no tax is owed.
What accounting standards apply to WFOEs in China?
WFOEs must maintain their books according to Chinese Accounting Standards (China GAAP), which differ from IFRS and US GAAP in several areas including revenue recognition and fixed asset depreciation. Our accountants are fully trained in China GAAP requirements.
Can you handle both RMB and foreign currency transactions?
Absolutely. We have extensive experience managing dual-currency accounting for WFOEs with both RMB and foreign currency transactions, including proper exchange rate application and foreign exchange control compliance.
Do I need to provide original fapiao (invoices) to you?
We can work with scanned copies of fapiao for monthly bookkeeping, which means you can send documents electronically. However, original fapiao must be retained by your company for potential tax audits โ we advise on proper physical document storage.
What happens if my WFOE misses a tax filing deadline?
Late filing incurs daily penalties and interest charges from the tax bureau. Repeated late filings can trigger a tax audit, freeze the company's tax account, and blacklist the legal representative โ affecting their ability to travel to China or register new companies. Our service ensures this never happens.
Latest China Accounting & Tax Filing Updates
E-Fapiao Now Mandatory for All WFOEs: What This Means for Your Bookkeeping
May 18, 2026China's full rollout of electronic fapiao requires WFOEs to update their accounting systems. Learn how this changes your monthly expense processing workflow.
Corporate Income Tax Reconciliation: Common Errors That Trigger Audits
April 25, 2026Improper expense deduction documentation is the top reason WFOEs face CIT audit queries. Follow our checklist for a clean annual tax reconciliation.
Contact Us
Get in touch with our team for inquiries, quotes, or more information about WFOE bookkeeping services in China
Get In Touch
Need professional bookkeeping for your WFOE, help with monthly tax filings, or a quote for ongoing accounting services? Our experts are here to help with any inquiries about China accounting compliance, VAT filing, or custom bookkeeping solutions for your business.
- +86 130 5270 9126
- info@tekzenvo.com
- 5-Fa Zhan Building,No.9 Office Area,Kai Fa Qu,Dalian ,Liaoning, China
- Monday - Friday: 9:00 AM - 6:00 PM (GMT+8)