China Tax Return Services
Hotline: 86-755-82147392 Email：info@citilinkia.com
Non-resident companies* are required to submit periodic filings detailing VAT transactions, and to pay any outstanding monies. Exact requirements vary enormously from country to country – as do penalties for non-compliance.
We complete many VAT filings per quarter for our clients, who are spread across more than 80 countries. Our multinational team stays up-to-date on the changing VAT legislation and compliance issues in all countries, which means our clients stay compliant and the risk of error is kept to a minimum.
We specialise in helping companies with multiple registrations. When you’re operating in numerous countries, our staff serve as a single point of contact, helping to take the hassle out of international business.
What goes into a non-resident's EU VAT return?
As with domestic VAT returns, companies are expected to report on all purchases and sales that fall within each country’s scope of VAT. Reporting requirements vary from country to country depending on the following criteria:
Treatment of transactions: Under local rules, various transactions may be treated differently; some will be charged at full rates, while others may be zero rated under simplification rules. This needs to be clearly shown in the return.
Compliance rules: There are very strict rules in each country governing issues such as invoice formats, tax points and exchange rates. In many EU countries, simple infringements of these rules can often result in punitive, automatic fines.
Payment on return submission
A payment is required once the return is submitted, generally at the same time as the submission. For most EU countries this is relatively simple and just requires a bank transfer from the company’s home country.
However, some countries - even within EU member states, for example Spain and Greece - require payments through a local bank account. Many others (for example, Poland and Belgium) will only repay VAT credits to a local bank account.
Contact Us
For further queries, please do not hesitate to contact ATAHK at anytime, anywhere by simply calling China hotline at 86-755-82148419, 86-755-82143512, or emailing to info@citilinkia.com.