E-Tax Service Now Available across All Branches of HSBC China

Covering 9 Inland Cities of the Greater Bay Area
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On 14 October 2019, HSBC China E-Tax service was officially launched in Shenzhen upon regulatory approval. Soon after, on 25 October 2019, it went live in Guangzhou. So far, the service has expanded to 45 cities in Mainland China and is now available across all cities where HSBC China’s branches are located.

Features of HSBC E-Tax

  • Fast signing of agreement: express online agreement signing enabled by e-signing function
  • Flexible payment options: multiple payment options available, including automatic payment and bank-based payment
  • Flexible payment sources: tax payable from a non-local HSBC account or by HSBC client for its subsidiaries

(Note: payment source subject to approval by tax authorities)

Major tax types covered by HSBC E-Tax

  • VAT
  • Urban Maintenance and Construction Tax

(Note: subject to information provided by tax authorities)

  • Corporate Income Tax
  • Education Surtax
  • Individual Income Tax
  • Stamp Tax

Service process of HSBC E-Tax

Case Study

ABC is a Shenzhen-based company with subsidiaries in Guangzhou and Dongguan. The company’s head office and its subsidiaries used to pay taxes from their respective accounts to their local tax authorities, thus causing considerable inconveniences and unnecessary delays to the company’s financial management. The head office had always wanted to be able to allocate and utilize its liquidity with a centralized system in order to make more efficient use of its capital. However, with the company growing in size, its subsidiaries gradually came along and became profitable. As a result, tax management emerged as a real headache for the company’s finance department at the head office. Recently, through its daily communication with HSBC, the company learned about the bank’s E-Tax solution (details provided below), which turns out to be a perfect fit for the company’s geographic coverage and financial needs. Since its adoption of E-Tax across its nationwide subsidiary network, financial management has become easier for the company’s head office while its accounts have become more structured.


In October 2013, HSBC China started to offer E-Tax service to its corporate clients. The service, based on TIPS ( Treasury Information Processing System, which covers the PBOC, tax bureaus and commercial banks ), is designed to enable automatic transmission of electronic tax payment messages and instructions that drives higher efficiency across multiple steps including tax payment, fund transfer and payment to the treasury and thus makes tax payment much easier for its clients.

As of now, HSBC China has launched E-Tax in 45 cities, namely Shanghai, Beijing, Xiamen, Taiyuan, Xi’an, Wuhan, Chengdu, Wuxi, Chongqing, Dalian, Kunming, Nantong, Tangshan, Harbin, Changsha, Tianjin, Yangzhou, Nanchang, Hefei, Changchun, Nanjing, Shenyang, Zhuhai, Zhengzhou, Ningbo, Fuzhou, Jinan, Hanzghou, Qingdao, Shaoguan, Zhaoqing, Jiangmen, Huizhou, Shantou, Nanning, Chaozhou, Yangjiang, Foshan, Suzhou, Zhanjiang, Dongguan, Zhongshan, Shenzhen and , Guangzhou and Shijiazhuang.

HSBC China will continue to provide its corporate clients with comprehensive and robust cash management services.


This document is issued by HSBC Bank (China) Company Limited (“HSBC”). HSBC does not warrant that the contents of this document are accurate, sufficient or relevant for the recipient’s purposes and HSBC gives no undertaking and is under no obligation to provide the recipient with access to any additional information or to update all or any part of the contents of this document or to correct any inaccuracies in it which may become apparent. Receipt of this document in whole or in part shall not constitute an offer, invitation or inducement to contract. The recipient is solely responsible for making its own independent appraisal of the products, services and other content referred to in this document. This document should be read in its entirety and should not be photocopied, reproduced, distributed or disclosed in whole or in part to any other person without the prior written consent of the relevant HSBC group member.

Copyright: HSBC Group 2020. ALL RIGHTS RESERVED.

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