The branch is not independent accounting, and the head office needs to declare enterprise income tax on the property statement. But the value-added tax of the branch still needs to be declared by itself. Branches can also set up accounts as independent accounting entities.

Legal objectivity:

Article 171 of the Company Law

In addition to the statutory accounting books, the company may not set up other accounting books.

No account shall be opened for the company's assets in the name of any individual.

Article 13 of the Accounting Law of People's Republic of China (PRC)

Accounting vouchers, accounting books, financial accounting reports and other accounting materials must conform to the provisions of the unified national accounting system.

If an electronic computer is used for accounting, its software and the accounting vouchers, account books, financial accounting reports and other accounting materials generated by it must also conform to the provisions of the unified national accounting system.

No unit or individual may forge or alter accounting vouchers, accounting books and other accounting materials and provide false financial and accounting reports.