How do the head office and branch offices keep accounts and file tax returns?

The turnover tax of the branch company must be calculated and paid by the local tax authorities, which is the basic principle of turnover tax, that is, to declare and pay the local tax. At present, basically all city national tax and local tax declarations are online. Companies that have not filed online tax returns can apply to the local tax authorities for online tax returns with the tax registration certificate (original), business license, bank account opening permit in basic deposit account and bank account opening information in basic deposit account.

If there is non-independent accounting between the branch and the head office, then all the tax returns of the branch must be summarized by the head office and declared by the head office. A non-independent accounting branch is only a branch of the head office, which is equivalent to a department. Under normal circumstances, if the branch is an independent accounting group, it has both operating income and expenses, and the branch is small and complete. In this case, the branch is considered from the financial evaluation. I believe that many business leaders will make a decision that the head office is financially independent and the subsidiaries are independently accounted for. Branches with independent accounting need to declare and pay taxes to the local tax authorities.

At the beginning of the establishment of a branch, you can open an account for a grassroots branch at a local bank with the branch business license and the head office business license immediately approved by the industrial and commercial department.

If the head office is not in a prefecture-level city, the enterprise income tax declaration at this time should be carried out in accordance with the principle of cross-regional enterprise income tax declaration. According to the distribution ratio approved by the national tax department where the head office is located, the branches of the head office shall report and pay to the local income tax reporting department respectively.