Accounting, Tax, HR
OPKO Finance offers a range of business services covering accounting, payroll, tax declarations, treasury and other administrative processes. Our goal is to support our clients and allow them to focus on their core business.
Accounting Services
OPKO Finance provides full outsourced bookkeeping services, including the reparation of periodic financial statements – monthly, quarterly, bi-annual and annual and cash flow statements.
We compile the local books in compliance with the local statutory requirements and provide reconciliation with your management accounts.
When the bookkeeping is managed in-house, OPKO Finance can ensure the supervision of the accounting team and a periodic review of the books.
Consolidation of Financial Statements
We prepare the consolidation of the different entities of your group in accordance with the international practices and your specific requirements.
OPKO Finance assists your company to implement procedures to ease the consolidation process such as inter-company reconciliations, cash flow statements, inventory evaluation, the conversion for consolidating financial statements.
Our company also defines practices such as accounting policies manual, consolidation manual, standard reporting pack for subsidiaries.
We prepare the full set of consolidated financial statements.
Tax Assistance
Any company established in Mainland China and in Hong Kong, Singapore, the Philippines, is required to submit periodic tax declarations according to the regulations applicable in each country. OPKO Finance will explain the specific regulations related to your business and jurisdiction. Except for the Philippines, OPKO Finance will connect you with an independent tax representative and ensure coordination with this tax representative who will be responsible for preparing your tax declarations and managing relations with the tax authorities.
OPKO Finance can answer your inquiries regarding the application of double taxation agreements concerning the relevant jurisdiction, as well as regulations regarding transfer pricing applicable in Mainland China and in Hong Kong, Singapore, the Philippines.
VAT Assistance
OPKO Finance assists your company to register as VAT payer (GST in Singapore, Small and General Tax payer in Mainland China) and manage the period declarations of VAT (Vat rebate, Export contract, contract processing) directly for the Philippines and through a tax representative for China Mainland, Hong Kong and Singapore.
In France and Europe, we connect you with our specialized tax representative partners. The tax representative of your company will assist you in your procedures for reclaiming VAT and/or in the purchase, sale of goods and services exempt from VAT, as well as in the formalities for declaring the exchange of goods and intra-community services for your operations with other states of the European Union.
Payroll Services
We provide payroll duties in Cebu, Hong Kong, Shanghai, Singapore, and Paris including:
-Set-up of the payroll system.
-Set-up of the Mandatory Provident Fund and other social charges.
– Preparation of individual employee pay slips.
– Filing the employers’ tax return.
– Management of the information on the payroll such as paid leave, sickness, commissions, fringe benefits, housing allowance, etc.
– Our company assists Individuals to draft their personal Income Tax declaration, claim off shore in case of temporary detachment or expatriation abroad.
– OPKO Finance also advices your company to apply for working Visa, Investment visa, Employer’s compensation scheme as well as Social Insurance coverage.
