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Deregistration is a formal action to end your business, while it is more complicated than start-up for its tedious documentations to authorities, endless tax issues, and unexpected long time. CBIZE consultants and CPAs provide a professional assistance in deregistration process with clear accountability and shared responsibility.
Deregistration of JV is quite similar with WFOE in major steps of the process, the main trivia is to obtain the documents from both foreign and Chinese partners, and the solutions should be made by BOD with all partners due to its "joint" nature.
Except for the application to SMCC for deregistration, process for deregistration of WFOE are same in the following steps. BOD solution from parent company should be provided due to its "subordinate" nature.
Liquidation audit report should be for three years expenses and tax payables
IIT tax returns for employees, Legal person or Representatives should be submit
VAT tax returns should be submit according to tax officer's detail requirement
Business tax returns should be submit according to tax officer's detail requirement
A summary of invoices usage status together with unused invoices should be submit
De-registration for invoice machine should be processed, if any
All tax return for import duty should be submit in case RO has import transactions
Latest three years' financial statement and EIT Annual Clearance Forms should be submit
Assessment forms for taxes applicable to WFOE/JV/RO according to actual operational activities should be submit as a self-checking for the fulfillment of tax burden