VIP Class Notes (Jesse) [W]

Vocabulary

she has the whole month off / she is off for the whole month
eg. I am happy because I am off work

leading up to
eg. I get happier and happier in the weeks leading up to Christmas

lull < > boom
eg. there’s a lull in business leading up to CNY but a boom afterwards

odd – weird / strange / peculiar

you would have never thought that that part of italian was odd?

Pronunciation

neutral – nyou tral 

Writing exercise

Dear Ivy,

I would like to ask for your support for the ICP License of XChina.
XChina is the owner of the license and Andrea is the delegated person.
XChina shall transfer that proxy to someone else, and, in case they wanted/needed to transfer that proxy to our Company, I would need to know which are the responsibilities related to that role and, above all, which legal consequences could arise in case the website/ICP is used in an incorrect / improper way. I need this information in order to provide the client with an offer for that service.

Thanks in advance for your kind cooperation.

Thanks Rudi for introducing me to Alex and Christian.
I hope this mail finds you well.

Dear Alex,
Dear Cristian,

It is a pleasure to be in contact with you.

I am Andrea, GM of ORCOM C&A Advisors, a consulting firm headquartered in Shanghai with branches in Beijing, Guangzhou and Hong Kong, that provides business services around tax, legal and finance related issues to international firms operating and developing in mainland China and Hong Kong.

I would like to discuss / talk about YOUR COMPANY further with you and get / learn more details about your Asian expansion plan.

Should you wish to contact me by phone, I am available at your convenience and can be contacted on XXX

I look / Looking forward to hearing from you.

Dear Anna,

I would like to ask for your kind support in order to check if the Annual Audit Report is still mandatory for the annual tax liquidation of Companies.
It seems that, since the annual tax liquidation shall be carried out through an online procedure and thus it will not be necessary anymore to handle this procedure in person at the tax bureau, the Annual Audit Report could be avoided (I mean those Companies for which the Annual Audit Report is not required by the parent company). I was wondering if the Annual Audit Report is still necessary for the Annual Inspection.
This opportunity could be useful for those companies recently incorporated that didn’t have any transactions in the previous year and thus they are not operational yet / they are yet to be considered operational.

Thanks in advance for your kind cooperation.

Please find highlighted in yellow below what you were looking for.

Regarding the Value Added Tax—the VAT needs to be paid since an amount of CNY XXX service revenue was accrued last month relating to the invoice attached.
If we accrued that service revenue in March, we would not have had the sufficient liquidity to pay the relevant VAT.

VAT is calculated at a rate of 6% so in this case, CNY XXX x 0.06 = CNY XXX. Then, subtracting the Input VAT which is calculated from the payment for Consulting Fees, we subtract CNY XXX. The VAT payable amount THE COMPANY has to pay for this month is CNY XXX.

I am available for any further clarification should you need it.


Next Class Focus


I would kindly ask you to split the Payment Notice No.003-18 (CNY XXX) in two Payment Notices, one related to our service fee and one related to the auditor fee.

I have already told the client to put the PN(00318) on hold since we are negotiating the fee with the Auditor, but please draft a new PN related to our services and then send it to the client with the relevant invoice attached.

Please remind the client that we will send him a new payment notice concerning the new audit fee as soon as possible.

I cannot enter into the folder of the server you mentioned, the access is denied.

Dear Cristina,

Please kindly note that Ms Y, the Legal Affairs Manager of XXX, has authorized us to sign the Service Agreement with VVV.
Nevertheless, Ms Yi would like to specify the possibility of terminating the agreement more clearly “at any time”, by modifying the last paragraph of the article 1 of the agreement, as follows: “Each Party may early terminate this Contract at any time for any or no reason by giving 90 days’ prior written notice”.

Moreover, XXX has authorized us to proceed for the payment of the salary to Ms GGG for the month of April.
Regarding the payment date of the salary for the next few months, please note that the date chosen by XXX is the last day of the month.

Could you confirm April 16th, 2018 as the on-board date of Ms GGG, please? Will the salary for the month of April be calculated on a pro-rata basis?

Thank you.

Please find here below the email related to the compensation of AP and AR for XXX.

The client has just asked me why they have to pay VAT+Local surcharges+CIT, since they carried out compensations in the last years and they never paid taxes on these.
Please, could you check the compensations made in the last years, if any? If so, why did they not pay taxes?
Can you confirm that they will have to pay taxes if they will proceed with the compensation?

I would appreciate your quick support by today / tomorrow, since we have been carrying out this matter for a while.

Thank you and Best Regards,

Dear Elodie,
Dear Natalie,

It has been a pleasure to meet you today. Thanks again for your time.

As discussed, we would kindly remind you to share with us your Country File in order to proceed with the Benchmarking study.

In addition and as discussed, we will provide you with our revised Outsourcing and Compliance Service Offer no later than Friday (May 11th).

Should you have any questions or requests for clarification in relation to the topics discussed during our meeting, please feel free to contact us.

Thanks for your reply.

Yes, the procedures in green shall be carried out, while the empty ones shall be not.

Please try to estimate the working hours, we need an overall idea for providing the client with a quotation for a quarterly revised supervision.

Thank you.

Dear Cristina,

We sent an email to the client yesterday asking confirmation for the salary payment, the opening of the social contribution fund etc. Moreover, we forwarded to XXX the YYY’s service agreement to be signed. We have not received yet any feedback about that.
Since the employee has been working with XXX since April 16th and the company has already signed the employment’s agreement, I would get your advice about the opportunity to start the procedure of the opening of the social contribution fund, housing fund and e-tax even if we have not yet received the YYY’s service agreement duly signed.
We are also waiting to know when the employee will come back to China in order to collect her signature.
Please find attached the relevant employment agreement.
Please let know the fees of the opening of the social contribution fund, housing fund and e-tax.

Thank you.