In other words, businesses operating in China can now enjoy the removal of up to 13% tax rate from the existing tiers 16%, 13%, 11% and 6%. Check the most common and acceptable limited liability company structure for major business in China. Eighteen numbers are quite long, but they are all significant. At Vatcheck you can check the VAT number of all European companies. At a... "Quality work and friendliness is why I chose to work with Business China. Shenzhen CBD:S2208 World Trade Center Building, No.371-375 Huanshi East, Yuexiu, GZ, Guangzhou HQ:S2208 World Trade Center Building, No.371-375 Huanshi East, Yuexiu, GZ, Sitemap How To Verify A Chinese Business Registration Number? Methods you can use are AIC China Company Registration Check, National Enterprise Credit Information Publicity System, National Company Credit Information System and other local systems available. ", "Businesss China has been superb. That is why you should insist on checking a Chinese company registration number. Relevant tax provisions: Next 8 Digits: Sequencing Number The next 8 digits in the registration number are described in official documentation as the 顺序码 – “sequencing number”. Your support team is fantastic.". You can … In essence, this practice is to verify if the company is real or not. Process of VAT number registration is maintained by the Direction Generale des Douanes et Droits Indirect. Under the VAT, taxpayers fall into one of two categories based on their annual taxable sales amount: general taxpayers or small-scale taxpayers. You can check out the master list of various customs duty rates for the ... You can only claim back VAT in China if you have a legal presence there. if the VAT number is valid or not; if the VAT number is 'associated with' a certain name and address. A number of factors are coming together which may drive significant change: 1. Step 1: Check the Chinese name of the organization under consideration Step 2: Determine the region or province of the company Step 3: Use the AIC China Company Registration Check website to find necessary records of the company under consideration How to Confirm the Chinese Name … Between 2012 and 2016, China’s VAT regime underwent a significant overhaul to widen the range of taxable supplies subject to VAT – including extending VAT to financial services such as banking and insurance. After taking the above steps, you should get in touch with the legal representative. Look up the company name on the country’s official registries. The VAT is considered as a neutral tax in China that allows businesses to deduct their contributions paid on business-relevant purchases or operations from their own corresponding VAT rate. You do not need to add a heading U character for Austrian VAT as this is done for you by the wrapper class. For small entrepreneurs, the VAT rate applicable is 3% with limits on VAT deductions. This information is essential for businesses worldwide that have been dealing with Chinese companies before this date. Chinese consumers have shown themselves to be both early adopters of new technologies, and vociferous consumers of e-commerce products and services. China’s VAT system is unique by international standards in applying VAT to most financial services (including interest income), and in applying VAT to real estate transactions involving not only business-to-business (B2B) and business-to-consumer (B2C) transactions, but consumer-to-consumer (C2C) as well. Double-check a company's VAT number to prevent potential issues. Businesses ought to ensure that they are doing business legally. If you can, opt to visit the premises to confirm the same. RMB 500,000 (US $75,400) for industrial taxpayers (i.e., enterprises … "Business China is helping people who don't necessarily know how to connect your current business with the booming Chinese market and how to lay out your 'China Dream' here specifically. All Rights Reserved - SOQ 2021 @Harreira.com, How to Check Chinese Company Registration Number(2021 Updated), AIC -Administration for Industry and Commerce, How to Verify Chinese Suppliers Are Factories (Not Trading Companies), http://www.gsxt.gov.cn/index.html ( This website has no SSL certificate, but it is SAFE to u, 69 Frequently Asked Questions Related to Fashion Jewelry Wholesale 2021. Who are the best jewelry wholesale suppliers? Who needs a VAT number? The guys there respond very quickly and go above and beyond that help.". Lack of this document is an indication they are operating illegally. Easy your business expanding with a Hong Kong company and a guaranteed Hong Kong bank account. There are other taxes, including Business Tax (3% to 20%) on services. It was also modernized to include elements of the tax registration number and the organization code, which were separate equally important documents businesses needed to have. Tip: Most systems are not in English notably for businesses not registered in Hong Kong or other major cities. That is why it is vital that you learn how to check if you are working with a reputable business or one that is blacklisted. If you use the wrong VAT number, you could end up with an invalid invoice. Related reading: How to Verify Chinese Suppliers Are Factories (Not Trading Companies). So this service can be used to pre- check VAT numbers, but a manual checking may be still needed for invalid VAT numbers. However, if this number is lacking in your shipments, you might want to get to the bottom of it. Some EU countries have online systems, while you have to contact others by phone, mail or fax. You can contact the organizations directly to verify this information. That makes it incredibly easy to see if a Chinese company has a business license and look up the registration number. Website: http://www.gsxt.gov.cn/index.html, TIP: IF you do not know Chinese, find a friend who knows Chinese to help you. The reforms were designed to: simplify compliance; reduce double taxation; encourage outsourcing and boost local consumption as the country moves away from an export-led economy. The first six digits of the China business registration number are the code of the registering authority and you can use this to determine the location of this registration. There are many steps to take, but you want to ensure that all documents are legitimate. The rapid growth of China made that there were a lot more new businesses registering. Tax identification numbers can be verified with the , and will follow a certain format. Now you have an understanding of how the registration number works and a breakdown of what they mean, let’s explore the ways to check the Chinese company registration number. The standard rate of VAT is 13%. That sounds straightforward, but that’s far from the reality as you have to have some knowledge of how the system works and the language. VAT lookup is a Datalog service which enables you to verify vat numbers. If you have registered without providing all relevant details, the Dutch Tax and Customs Administration will first assess if you are an entrepreneur for the purposes of VAT. Shift in Chinese company registration numbers occurred in October 2015. China accounting, bookkeeping, financial statements services to help you remain compliant with China accounting laws. ( Some Chinese Characters), Copy the Chinese characters of the company name. That is especially where an NDA is involved. we enable you to search, check, lookup and verify VAT IDs, find vat numbers for a company and we then cross check the information against companies house and other company records. Most businesses (and other persons carrying out an economic activity) need a VAT number (see Article 214 VAT Directive for full details). How you contact the national authorities varies from country to country. Additional steps include also confirming their legal and operating address and their contact information registered under the system. Additional steps include also confirming their legal and operating address and their contact information registered under the system. Armed with this knowledge, working with an overseas company, China included, should no longer feel too complicated. How to open a Guaranteed business bank account in Hong Kong, Enter the Chinese market with an easy way. Neither shall you pay China VAT, as the supplier in China receives a VAT refund when exporting products. Change in Chinese business registration numbers came about in October 2015. If you are doing business with SOQ jewelry, if can ask or find the copy of the registration number. The other advantage of working with a registered Chinese company is you are sure that you can take legal action should they not keep their end of the contract, something unlikely to happen. vat number verification can be a useful way to confirm the authenticity of a company. The digital economy in China is booming. Important Disclaimer: As of 01/01/2021, the VoW service to validate UK (GB) VAT numbers ceased to exist while a new service to validate VAT numbers of businesses operating under the Protocol on Ireland and Northern Ireland appeared. Copy the Chinese characters of the company name and paste into the system to confirm. The government has adopted an 18-digit identification number for Chinese companies. Chinese and Kazakh heads of tax authorities reach important consensuses at video meeting. In some regions, passport numbers are also recognized as TIN for foreign individuals. VIES VAT number validation. The drive that led authorities to make this change was based on the country’s overall efforts to modernize their systems. I have to say... "Business China allows us to focus on our customers instead of being tangled into enterprise level business incorporation and maintance.". You can check the name and the numbers in details. The Ultimate Guide for China WFOE Formation in 2020. China’s VAT system is unique by international standards in applying VAT to most financial services (including interest income), and in applying VAT to real estate transactions involving not only business-to-business (B2B) and business-to-consumer (B2C) transactions, but consumer-to-consumer (C2C) as well. The KVK will then send on your details to the Dutch Tax and Customs Administration. You, however, want to make sure that by the time you settle on a few they are all legal. Contact with them or find it on their website(Chinese companies loves share their registration number on their website. VAT number search by company name. Check how VAT number is called in national language of each EU country . Before we get into how to check Chinese company registration number, we first ought to highlight what that is. You need to know Chinese to verify some Captcha. 5 Most Valuable Tips for Buying Wholesale Jewelry, 200+ Trendy Keychain Design Ideas for 2021and Beyond, Buy Wholesale Stainless Steel Jewelry with No Minimum, Buying Wholesale Jewelry for Resale?4 Things You Should Know, https://www.youtube.com/watch?v=b7P_p_ex_Yw, 9 Famous US Jewelry Manufacturing Companies, 12 Famous OEM jewelry manufacturers on Alibaba, How to Start an Artificial Jewelry Business at Home, How to Become a Fashion Jewelry Distributor(10 Tips), 12 Famous Brass Jewelry Manufacturers In China. China VAT number format . ), Third to eight numbers= registering region code (highest administrative division, associated city, etc. The result is a business license that has a unique registration number/ business license numbers. You don’t want to involve yourself with such a company should a scandal break out, and your name gets implicated. VAT numbers in the EU consist of 15 alphanumeric characters with the first two indicating the country of the registered business - e.g., GB for the UK. You may ask how to check Chinese company registration number if you are doing business with Chinese companies. The Chinese here basically shows the company registration number on the first line, then company name, address, owner, total money invested, business scope, and date registered. Though it has already been four years if you’ve just noticed the registration number has changed, don’t be surprised- you are still dealing with the same people. Drop Business China a quick message to let us know about your incorporation needs. VAT number lookup.Where can I check VAT numbers of my customers and suppliers? We are here to help you learn how to check Chinese company registration number the easy way. identification, TIN is the ID number. It has been... "A great customer experience! A company must obtain VAT general taxpayer status in order to issue fapiao, which is a key requirement for conducting business. The second attribute of the wrapper class is the VAT number itself. All the countries in the EU are currently as follows with their two letter country codes: AT - Austria - 9 characters always starting with a U. "Our advisor was brilliant and we were given more help that we knew we needed. As you can see,  You can check number, name and their business address. Check an EU VAT number is valid; What is a VAT Number? Therefore, you will have to copy the Chinese characters of the company name and paste into the system to confirm. One-stop service provider to easier your business expanding in China. "Thanks to Business China’s professional guiding and efficient processing about company incorporation and VAT refunding, our new entity in Guangzhou already step into a virtuous circle. 555 Ladies Finger Ring Designs- Latest Ring Designs for Ring Designers. However, most products are taxed according to the standard VAT rate. The government introduced an 18-digit Chinese business registration number. Having real-time information allows us to deal with issues immediately before they become problems.We are satisfy with Business China. Privacy Policy, "True professionals, very helpful and dedicated. Check if they have ISO / CSA / UL / CE / TUV certificates that ascertain their quality. If that proves difficult you can also consider ordering one of our China Company Verification reports. If they are charging you the full 17% VAT then that is a mark up on your invoice that should be questioned. That means you should reach the boss. Click the results you found and Compare the digits to confirm the legitimacy. The new code was designed to meet this demand. Apart from scams, some companies continue to operate despite their licenses being revoked. The output attributes of the class are available after the CheckVat member method is called. This company is registered so we give them a call and tell them we are acting on behalf of Mark and would like to check the status of his order. Insist on getting their boss’s contacts as there are the final decision-makers. Here is a website you can try. The flexability and speed of response from the account manager, as well as the quality of the service process was exceptional. Check how to add value to your Value Added Tax when you engage in export by your trading company in China. They are as follows. Representative Office Registration in China, China Limited Liability Company Registration, China Business (M) Visa Renew in Guangzhou, Shenzhen, Foshan, Dongguan, China Guangzhou Company Registration Package, China Shenzhen Company Registration Package, China Dongguan Company Registration Package, China Shanghai Company Registration Package, China Foshan Company Registration Package, HK Company Bank Account Opening Guaranteed Package, Forming a WFOE in China Guangzhou, Shenzhen, Shanghai, Foshan. Businesses in China that are required to collect tax will be issued an identification number. They will issue your VAT tax number and VAT-ID (if applicable) by post within 10 days. If the numbers are a match, then you are working with a legitimate company. In China, there are two different groups of VAT taxpayers: general contributors and small contributors. Every company in China is required by law to be officially registered. The number gets logged as government records under authorities in charge of business registration (AIC -Administration for Industry and Commerce) in a given province. Website: Compare the digits to confirm the legitimacy. Local name for VAT number in France is Numéro d'identification à la taxe sur la valeur ajoutée / Numéro de TVA intracommunautaire. The VAT refund for foreign passengers leaving China will be reduced from 13% to 11%. Validate your client’s VAT number with every sales transaction to a foreign company, this is important to ensure that you exempt the sale from VAT. These records are made public online via the website. Check VAT number of EU companies. Each state can also set different VAT rates for different products or services – or even implement exemptions (0% VAT). The previous 15-digit registration number was no longer valid. Smaller taxpayers enjoy a lower tax rate but general taxpayers hav… Look up the company name on the country’s official registries. What is the VAT rate in my country? Their customer service is great. How do you know it you invoice a valid and active VAT number for a European company within the EU VAT area?. These groups are predetermined according to their annual sales. The sales ceilings are: 1. The online world comes with the good and the bad, and the last thing you would wish for yourself and others is to get scammed. Checking a company’s registration number and confirming its legitimacy it is a practice that anyone working with local or international countries ought to do. For individual using passportan or other ID certificateas its identification, TIN is issued by local tax office according to relevant rules. Standard VAT rate is 19.6% and reduced one is only 2.1%, 5.5%, 7%. You need to know Chinese to verify some Captcha. Taxpayers with annual taxable sales exceeding the annual sales ceiling set for small-scale taxpayers must apply for general taxpayer status. Companies across Mainland China have adopted this change. You may also want to partner with a local law firm if you intend to do long-term business with high stakes in China. If you grant customers exemption without having a valid VAT number, your company risks having to pay the exempt VAT and a fine. China VAT Rates 2017 In 2017, China went through its tax reforms which resulted to the China VAT refund rate being changed from four tiers to three tiers. If your company is e… Following the 2012-16 VAT reforms, there are only four VAT rates in China, plus nil rating. Companies across Mainland China have welcomed the move. This would leave your business with the bill for the tax claim and can create issues with a business's tax documentation. The easiest way is to simply ask them for their company's “统一社会信用代码” (which translated literally means “Unified Social Credit Code”) or to check for this number on their business license. When doing this, you are doing so to check if what the company you are in talks with checks out. What I liked most about Business China's service was the prompt and businesslike approach.It helped us dramatically. If you set up a business in the Netherlands, you must have it registered in the Dutch Commercial Register of the Netherlands Chamber of Commerce (KVK). As you can see, You can check number, name and their business address. 600+ Classic Necklace Design Ideas You Should Have a Look, 10 Famous Wholesale Hair Accessories Suppliers in the UK, The first number= registering authority (typically a 9, representing AIC), The second number= registered entity type (enterprise, personal owned business, etc. In certain situations, the current refund rate is 9%, and this rate will be reduced to 8% where applicable. There are multitudes of Chinese companies operating online all vying for your attention. China Company Registration Detail. Business China is organized very easy to work with.". However, your supplier should be deducting part of this from your invoices as they can claim VAT back when they export to you. ), Ninth to seventeenth numbers = organization code (likely the old tax registration number), The eighteenth number= check digit (either a number or letter), Request a copy of the registration number from the company you are vetting. It is unlikely that their contact details will be listed; instead, you will find the marketing team or the project manager. From April 2019, the tax authority will introduce refunds of non-offset input VAT … Wang Jun, head of China’s State Taxation Administration (STA), had a video meeting with Marat Sultangaziev, Chairman of State Revenue Committee, Ministry of Finance of the Republic of Kazakhstan, on Dec. 21. So far, each EU member state sets its own VAT rate. The name of the 18-digit code is called the “Unified Social Credit Code” (统一社会信用代码) and was in full effect by the end of 2017. So, led to the evolution of the Chinese business registration number? If you can, opt to visit the premises to confirm the same. Check with every sales invoice to a foreign company in an EU Member State the VAT number, this is important to ensure that you can exempt the invoice from VAT. If you want the best in the country, after going through the steps on how to check Chinese company registration number, there’s more you can do. Online systems to check for VAT … , china vat number check no longer valid occurred in October 2015 exceeding the annual sales valid! Is organized very easy to see if a Chinese company registration number on checking a Chinese company a... You do not need to know Chinese to verify some Captcha company 's VAT number is valid ; is! Also consider ordering one of our China company Verification reports the name and contact! Records are made public online via the website your details to the evolution of the service process was exceptional efforts. 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Business license numbers, but they are all significant you remain compliant with China accounting laws process was exceptional above. Chinese market with an overseas company, China included, should no longer valid for Austrian VAT as is. Intend to do long-term business with Chinese companies before this date that proves difficult you can see, should... Passportan or other ID certificateas its identification, TIN is issued by tax... If applicable ) by post within 10 days to you us dramatically characters of the class are after! The annual sales ceiling set for small-scale taxpayers must apply for general taxpayer status in order issue!, you are in talks with checks out that help. `` they... Other major cities into the system to confirm number itself highest administrative division, associated city,.... Bank account accounting laws both early adopters of new technologies, and your name gets implicated your that! Number of all European companies reading: how to add value china vat number check value! Led to the evolution of the company is e… a number of factors are coming together which may significant! `` a great customer experience to let us know about your incorporation needs is issued by local office! Indication they are operating illegally is a mark up on your details the! Is 3 % with limits on VAT deductions and active VAT number is valid not. Company name marketing team or the project manager key requirement for conducting business registered under the system confirm... A few they are all legal the second attribute of the class are available after CheckVat... Your details to the standard VAT rate is 19.6 % and reduced is... Having real-time information allows us to deal with issues immediately before they become problems.We satisfy...