Asia Pacific，China: Chungrui Tax Group
Posted by：Admin|Published：04/08/2019 10:00|hits：200
Chungrui Tax Group reaches No. 5 in 2018 Chinese industry listing
The firm’s motto is ‘Bigger and Stronger’. And Chungrui Tax Group has proved it is after ranking fifth for operating income in the National Top 100 Chinese CTA Firms announced by the Chinese Certified Tax Agents Association (CCTAA).
The Top 100 listing is one of the most credible and respected in the industry. In 2018, following incessant tax reforms initiated by the Chinese government, industry growth reached a six high. The total combined operating income of the Chinese Tax Agency industry reached 20.345 billion Yuan, a 19.73% YOY increase and 87.39% rise in overall profits. Given that there are 6,100 firms and the Top 100 tax agents account for 52.9% of the total industry operating income, being recognised in the top five is a huge accomplishment.
Established in 1992, Chungrui Tax Group attributes the rises in revenue and profits to taxpayers seeking more assistance as a result of increasingly diversified structures, deepening tax reforms and the constant economic shifts. The firm, which holds the highest 5A Chinese tax qualification, provides its services in all of China’s provinces and major cities, plus has a Hong Kong subsidiary. For two consecutive years the firm has been awarded the Beijing Association of CTAs ‘Special Prize for Outstanding Industry Contribution’.