Viewpoints
2019-08-08
To cope with a rapidly changing environment, the role of a finance function is shifting more and more from a historical data provider to a management decision supporter. Kaizen, with its experienced CPAs and accountants, could provide accounting services including but not limited to below items: Classify original accounting data in accordance with China Accounting Standards and tax laws Prepare entries pursuant to China Accounting Standards Formulate internal reimbursements process and optimize the management system of the enterprises Prepare and issue financial statements on a monthly basis Provide professional financial analysis to objectively reflect the daily operation status based on the financial data of the subject enterprise The above-mentioned professional financial analysis services mainly include： 1. Profitability Analysis 2. Activity Based Accounting； 3. Short-term Operation Decision 4. Long-term Investment Decision 5. Cost Control 6. Performance Evaluation. • Provide practicable suggestions to protect the legitimate rights and interests of the enterprise […]
2019-08-06
General Information about Singapore Tax System Corporate Income Tax – A company is taxed at a flat rate of 17% on its chargeable income regardless of whether it is a local or foreign company. In order to attract foreign investment, Singapore government has introduced numerous tax benefits such as tax exemption scheme for new start-up companies, partial tax exemption scheme and corporate income tax rebate. Individual Income Tax – All income earned in or derived from Singapore is chargeable to income tax. A Singapore tax resident is taxed at progressive rate with the current highest tax rate at 22%. Non-tax resident is taxed at flat rate of 15% – 22% (depends on the type of income) or the progressive resident tax rates, whichever is higher. Goods and Services Tax (GST) – Majority of the supplies of goods and services in Singapore are subject to 7% GST. In other countries, GST […]
2019-08-06
General Information about U.S. Tax System The United States has separate federal, state, and local governments with taxes imposed at each of these levels. Beginning from the tax year 2018, the Tax Cuts and Jobs Act (TCJA) is implemented to make tax reform. This major tax legislation will affect individuals, businesses, and non-for-profit organizations. C Corporation Income Tax – The TCJA reduced the federal corporate income tax rate from 35% to 21%, improving the global competitiveness of the United States in attracting new investment. All businesses incorporated in the U.S. must file an annual income tax return. Individual Income Tax – Most individuals are required to file income tax return. It is a type of income tax return filed by an individual to a federal, state or local taxing agency to report income, calculate and pay taxes. U.S. citizens and tax residents’ worldwide income are subject to U.S. income tax, […]
2019-08-06
Kaizen could provide a comprehensive corporate and individual tax declaration and advisory services. Kaizen tax consultant has extensive tax experience and can assist clients in personalizing an effective tax strategy to meet the tax regulations in Taiwan and around the world. The professional services provided by Kaizen are as follows: Corporate Taxation Service Business Tax Declaration Service Various Withholding Income Tax Service Corporate Annual Income Tax Declaration Service Corporate Tax Compliance Audit Service Corporate Audit Defense and Tax Reliefs Global Transfer Pricing Service Taiwan Tax Consultation Service International Tax Consultation Service Taiwan Tax Incentive Project Application Service Special Industry Tax Consultation Service Individual Taxation Service Individual Income Tax Calculation and Declaration Service for Taiwan Resident Individual Income Tax Calculation and Declaration for Taiwan Resident in Mainland China Individual Income Tax Calculation and Declaration for Taiwan Resident in Singapore Individual Income Tax Calculation and Declaration for Taiwan Resident in United States […]
2019-08-06
In accordance with the tax laws of China, all taxpayers or withholding agents shall pay taxes and fees in the manner within the time limit as prescribed by Chinese tax authorities. With a team of experienced tax consultants, Kaizen is committed to providing professional taxation services to its clients. by thoroughly studying and analyzing China existing taxation laws and related preferential policies. The Taxation services provided by Kaizen include but not limited to the following items: Tax Consultancy Services Tax Planning Services Tax Due Diligence Services Tax Compliance Services Transfer Pricing Computation and Declaration of Value-added Tax (VAT) Computation and Declaration of Enterprise Income Tax (EIT) Computation and Declaration of Individual Income Tax (IIT) Computation and Declaration of Urban Maintenance and Construction Tax Computation and Declaration of Local Funds and Surcharges Computation and Declaration of other Taxes and Surcharges Provision of Enterprise Income Tax Annual Reconciliation and Settlement Services The […]
2019-08-06
Unless otherwise indicated, the private company mentioned anywhere in this quotation refers to a private company limited by shares incorporated in accordance with the Hong Kong Companies Ordinance. Summary When a shareholder of a Hong Kong private company decides to transfer the shareholding to another person, the transferor and the transferee shall sign a set of share transfer documents and submit it to the Hong Kong Inland Revenue Department for stamping and pay according to the stamp duty rate. The stamped documents will mail to the company, the old share certificate will be cancelled, new share certificate will be issued. The name of the new shareholder will record on the register of shareholders, the share transfer procedure is completed. Our fees for the transfer of shares for Hong Kong Private Company is HKD2,500 for the first transfer and HKD1,500 for the second and thereafter. Our fees include the preparation of […]
2019-08-06
This package includes the authorized representative for the first year and registered office address for the first year. This is suitable for entrepreneurs who needs the authorized representative service and the Registered Office Address service. Summary Our fees for the registration of a Non-Hong Kong company (Hong Kong Branch) are HKD11,200*. The fees quoted include the authorized representative for a year, registered office address for a year, official filing fee and the business registration fee for the first year. For the establishment of a Non-Hong Kong company, the investor needs to provide the information of the parent company such as the certificate of incorporation, identification documents of the shareholders and directors (Hong Kong ID card or passport) and the address proof of the shareholders and directors (utility bill or residential address). The registration of a Non-Hong Kong company will take around 1 month. If necessary, Kaizen can assist client to […]
2019-08-06
This package is suitable for foreign company that intends set up a representative office in Hong Kong for the purposes of marketing search and development and contact with the suppliers and customers. 1. Hong Kong Representative Office Registration Package – Scope of Services Our fees, inclusive of official registration fee, for the establishment of a Representative Office in Hong Kong is HKD 6,200, including: (1) Application for Business Registration Certificate; (2) The first year business registration fee; (3) Provision of business address in Hong Kong for one year; (4) Receiving and forwarding the Government mails by Airmail; (5) Prepare the stamp for the Representative Office. Note: The fees stated above does not include courier fee, if any. 2. Estimated Time Frame The incorporation process will take around 3 working days, starting from the day Kaizen receive the duly signed application documents. 3. Required Documents and Materials Before submit the registration […]
2019-08-06
Unless otherwise indicated, the Hong Kong Company stated in this quotation refers to a private company limited by shares incorporated in Hong Kong in accordance with the Hong Kong Companies Ordinance. When a Hong Kong registered company ceased its business and is not expected to commence business again, the company may apply for deregistration at the Companies Registry. Deregistration is a relatively simple, inexpensive and quick procedure for dissolving defunct private companies who meet certain specific requirements. Summary Our fees for the deregistration of a Hong Kong private company is HKD4,800. The fees quoted include our professional service fees and officially filing fees. It does not include miscellaneous expense such as courier fee. The deregistration of a Hong Kong private company will take around 4 to 6 months, assuming that there are no outstanding returns to be filed or outstanding taxes to be paid and no further accounting and/or auditing […]
2019-08-06
Unless otherwise indicated, the Hong Kong Company stated in this quotation refers to a private company limited by shares incorporated in Hong Kong in accordance with the Hong Kong Companies Ordinance. This package include the company secretary for the first year, registered office address for the first year, the designated representative service and the bank account opening service. This is suitable for entrepreneurs who needs the Company Secretary, Registered Office Address and the Bank Account Opening Service. Summary Our fees for the registration of a private company limited by shares Hong Kong are HKD 16,000*. The fees quoted include our professional service fee, the provision of a company secretary for a year, the registered office address for a year, a designated representative for a year, opening a corporate bank account, the government registration fee and the business registration fee for the first year. For the establishment of a Hong Kong […]