Customs Services

      By leveraging the professional accounting expertise of intermediary agencies, the Customs conducts audits and guidance on enterprises' logistics, capital flows and other aspects, enabling enterprises to identify deficiencies and issues in their management, clarify improvement directions, standardize import and export practices, gradually establish self-discipline mechanisms, enhance competitiveness, and regulate import and export order. According to Article 19 of the "Measures of the People's Republic of China on Customs Bonded Verification" (Decree No. 173 of the General Administration of Customs), since November 2008, the Customs has piloted the engagement of intermediary agencies to participate in bonded verification for designated enterprises. Enterprises with the capacity are also encouraged to engage accounting firms for self-inspection of bonded operations to standardize their bonded business practices. Jiangsu Yuetong is one of the teams that participated in the initial pilot program.

      Customs audit and assurance services include two models: Customs-commissioned and enterprise-self-engaged:

      (1) Customs-commissioned Model

      The Customs-commissioned model refers to the Customs engaging intermediary agencies to participate in audits and inspections of enterprises, with the intermediary agency issuing an audit report that meets Customs requirements and submitting it to the commissioning Customs office.

      The Customs-commissioned audit and assurance services currently undertaken by our firm include:

      1. Customs-commissioned bonded audit for processing trade       2. Customs-commissioned duty reduction and exemption verification       3. Customs-commissioned routine audit       4. Customs-commissioned special audit

      (2) Enterprise-self-engaged Model

      The enterprise-self-engaged model refers to enterprises engaging intermediary agencies to participate in the internal control management of bonded goods, with the intermediary agency issuing a special audit report that meets Customs requirements, which is then submitted by the enterprise to the competent Customs office in the form of a self-inspection report.

      The enterprise-self-engaged services currently undertaken by our firm include:

      1. Enterprise-self-engaged bonded verification for processing trade, including:

        a. Physical inventory count of bonded materials         b. Balance audit of handbook materials         c. Management of bonded scrap materials         d. Unit consumption management of bonded goods         e. Internal control of bonded operations         f. Utilization of unvalued equipment

      2. Enterprise-self-engaged duty reduction and exemption verification

      3. Enterprise-self-engaged AEO coaching services, AEO internal control audit services, AEO internal training services

      4. Customs valuation of imported goods (including royalties) services

      5. Import and export commodity classification

Logistics Consulting & Customs Club

      Our firm provides and implements "Supply Chain Optimization and Unified Planning of Tax, Customs and Foreign Exchange," assisting clients in achieving: optimized trade processes and supply chain design, reduced logistics costs and government fees; favorable tax reductions or bonded treatment, appropriate tax refunds, and standardized pre-tax deductions; accurate commodity tariff classification, reasonable dutiable value, favorable origin treatment, and lower applicable tax rates.

      Our firm provides and implements the "Customs Affairs Risk Management System," helping enterprises build internal control mechanisms in a trustworthy and confidential manner to reduce and manage business risks.

Other Special Services

      1. International Audit Services

      IFRS audit       US GAAP audit       Development of overall tax plans       Establishment of tax health assessment systems

      2. Tax Planning

      Tax organizational structure design       Establishment of tax management systems       Development of overall tax plans       Establishment of tax health assessment systems

      3. Internal Control Review

      Internal control system for monetary funds       Internal control system for sales and collections       Internal control system for procurement and payments       Internal control system for payroll and HR       Internal control system for financing and investment cycles       Internal control system for warehousing and inventory cycles

      4. High-tech Enterprise Certification

      Special audit for High-tech Enterprise Certification       Special audit for R&D expense super deduction       Consulting and application for certification       Consulting and application for renewal of certification

      5. Transfer Pricing

      Consulting and planning       Review of contemporaneous documentation       Transfer pricing risk analysis       Anti-avoidance negotiations

      6. Overseas Investment Services

      Agency for overseas investment registration       Audit of overseas financial statements and consolidated statements       Tax planning and credit for overseas investments       Applications for establishment, acquisition and deregistration of overseas enterprises       Provision of other financial and tax services to overseas investment clients through global partners

      7. Expatriate Services

      Tax planning       Tax exemption filing       Agency for individual tax filing       Processing of work permits and residence permits       Social security processing       Various annual inspection services for expatriates

      8. Bilingual Bookkeeping

      Bookkeeping in English/Japanese       Tax filing for various tax types       Preparation of consolidated financial statements as required by headquarters       Binding of vouchers in English/Japanese

      9. Customs Affairs Services

      AEO certification consulting       Customs outsourcing services       Commodity classification services       Customs internal control design and improvement       Royalty audit       Bonded verification audit       Legal services