Dezan Shira & Associates is a cross border practice with both business advisory and tax consulting services for clients in China, Hong Kong, India, Vietnam, and Singapore. Whether it is a one-time transaction or an ongoing business we have the ability to understand the client’s needs and to structure the transaction or business so that these requirements are met safely and tax efficiently. All of our staff speak fluent English as well as their native languages.Dezan Shira & Associates also has the ability to fully implement the cross border tax structures.

Business Advisory

Dezan Shira & Associates has been operating in Asia for 20 years, helping companies establish and run their businesses in China, India, Vietnam, and Singapore. Our Business Advisory arm helps clients do business in China, India, Vietnam and Singapore, including business incorporation as well as national and international business restructuring.

We are one of the largest operations in Asia for registering foreign invested companies in China, India, Vietnam, and Singapore, advising companies on the best way to hold their entities to meet their business goals, while maximizing their tax efficiency.

Our business advisors are also experienced in advising on corporate restructuring, both nationally and internationally. They can help you do business in Asia, providing advice on all matters related to cross border transfers of assets, corporate relocation and mergers and acquisitions.

We advise on:

Corporate Establishment

Mergers & Acquisitions

Due Diligence

Structuring Transactions

Intellectual Property

Business Tax & Compliance

Dezan Shira & Associates is pleased to offer fixed fee accounting and statutory reporting support for business tax in China, Hong Kong, India,Vietnam and Singapore.  We recognize that for many companies the administrative burden of compliance with overseas tax regulations is often far greater than the financial burden of the taxes themselves.  Once registered, all companies, whether or not they are operational or profit centers must file tax declarations in a timely manner.  Such requirements differ from country to country, we can assist and coordinate all overseas tax compliance and reporting in mainland China, Hong Kong, India,Vietnam and Singapore. Furthermore, all companies will have to pay taxes if they employ people or if they have assets. This needs to be taken into account even if the company is not receiving any income.  For small companies the amount of work required to maintain good tax standing is particularly burdensome.

In addition to reducing the administrative burden of compliance with local tax regulations, use of our tax and accounting maintenance service will reduce a company’s exposure to tax related risks.  The Chinese, Indian and Vietnamese tax legislation imposes heavy fines for late payments and many foreign companies lack the ability to monitor compliance with business tax regulations in a timely manner.  Often tax issues are only detected by external consultants or by the tax authorities themselves long after declarations were filed and taxes were paid.  Late detection of a tax issue is always unnerving and it can leave a company open to liability.  Enrollment in our tax and accounting maintenance service reduces the company’s exposure to business tax related risks because our accountants and auditors will be in a position to detect issues before tax declarations are filed and before taxes are paid.  We will therefore often be able to take proactive steps to resolve business tax issues before they become problems.

According to the pertinent tax reporting laws in China, India, Vietnam and Singapore, taxes may be due monthly, quarterly or annually. Some special tax considerations may also need to be taken into account at the pre-incorporation stage, such as customs duties, VAT scheduling, and so on, where advance deposits may need to be lodged with the authorities. We identify these at pre-incorporation level and ensure our clients are aware of all financial liabilities a new business has to absorb as part of its investment.

Fees for this service can be included as part of an incorporation package or agreed as pertinent on a monthly, quarterly or annual basis depending upon the relevant local legislation and business requirements.

We can assist with business tax in China, India, Vietnam and Singapore. Our services include;

Pre-Entry Tax Advisory

Cross Border Structuring of Holding Companies

International and Domestic Tax Planning

Transfer Pricing

Advice on Chinese Tax Law

Annual Tax Reconciliation

Individual Income Tax Evaluation

Monthly and Quarterly Tax Filing and Compliance

Regional Tax Comparisons

Welfare and Financial Obligations

Accounting  & Bookkeeping

Although there have been advancements in establishing international accounting standards, measures still vary greatly from country to country and Asia is no exception. Dezan Shira & Associates will help your company navigate increasing stricter China accounting principles and make sure your organization remains in compliance with China’s Generally Accepted Accounting Principles (GAAP), Generally Accepted Accounting Principles of the United States, and International Financial Reporting Standards (IFRS), depending on your organization’s structure. Taking advantage of our local and international expertise, our team of accountants is able to provide expert knowledge on a vast range of country-specific GAAP issues in China, India, Vietnam and Singapore. With years of experience in these countries, our accountants understand the complexities of the financial system in each country and keep your firm’s accounting practices in compliance with rapidly evolving accounting systems, letting you concentrate on your firm’s business strategies.

Getting and retaining reliable finance staff can get in a developing market can be difficult. Historically high turnover rates causes firms, especially ones who are recently established, suffer from skills gaps and shortages, potentially affecting the quality and reliability of their financial statements. We have dedicated staff whom you can outsource your China accounting and bookkeeping services to whether your business is purely local or multi-national. While other firms will only perform regular bookkeeping services to comply with laws and regulations, our accountants in China will work closely with your firm to keep your financials accurate as your business grows. Our accounting team can provide a wide array of services including vouchers, general ledgers and monthly reports depending on your individual requirements. Our China Accountants pride themselveson being an integral part of our clients' business success by providing management with key accounting information so that can make better informed decisions.

We can assist with accounting in China, India, Vietnam and Singapore, including:

General Bookkeeping

Accounting System Setup and Training

Accounting Maintenance

Annual Compliance Services

Tax Reporting

Financial Report Reconcilation

Treasury and Fund Administration

All services can be delivered according to Chinese GAAP, US GAAP and IFRS standards.For more information about bookkeeping and accounting China, India, Vietnam or Singapore, please contact Dezan Shira & Associates.

Payroll Services

For many employers, the costs and complications of managing payroll are considerable. For some companies, staff salary is often the largest single monthly expenditure. Ensuring payroll is processed correctly and efficiently is critical to maintaining staff confidence and motivation; that is why many companies are now looking to outsource their payroll burden to specialists.

Dezan Shira & Associates  processes payroll on behalf of many clients, from SMEs to large multinational corporations. Using our flexible payroll system, we can upload HR data, process payroll calculations and produce customized reports to meet the varying needs of your company.

We can assist with:

Outsourced Payroll Processing

Payslip and Payroll Reporting

Salary Package Structuring

Individual Income Tax Filing

Labor Contract Dispute Consultation

Labor Contract Management

Social Welfare Management

Using state-of-the-art-payroll administration software, we provide customized cost reports, tailored to meet the needs of our clients.

Audit & Review

Dezan Shira & Associates can provide both internal audit and assist with statutory audit work in the countries in which we are present. Due to differing local regulatory environments, we may engage with a domestic supplier to provide certain services on occasion. Our regional audit staff however are qualified audit professionals, with many possessing both local country and international audit qualifications. They are familiar with the GAAP standards applicable in each of the countries they operate in and can adjust to US, EU or other GAAP standards. We are commonly called upon to provide on the ground expertise for work that is subsequently consolidated by the Big Four global firms, particularly China audits. Our practice offers competitive rates for local audit work that perhaps the global players are too busy to provide as an on-the-ground service.

We can assist with internal auditing and statutory audit work:

Internal Control and Fraud Prevention

Legal and Financial Health Checks

Special Purpose Review

Financial Due Diligence

Annual Statutory Audit Assistance

Statutory Audit Documentation Arrangement and Preparation

Internal and Management Audit

Annual Stock Taking

All services can be delivered according to Chinese GAAP, US GAAP and IFRS standards.