make sure the annual Inspection!!

If you have a company in China, you have to make sure the annual Inspection!!

In China mainland, all limited liability companies, joint stock companies, non-corporate enterprise legal persons and other business entities that have obtained the Business License of the P. R. C, shall attend the annual inspection.

According to enterprise varieties, annual inspection includes tax , industrial and commercial, joint annual inspection and so on.

Industrial and commercial annual inspection means that enterprises submit annual reports to the registration authority and make public announcements to the society through the platform of commercial subject registration and credit information publicity within the prescribed time limit each year, and the enterprises themselves are responsible for the authenticity and legality of the annual reports. The ministry of industry and commerce will conduct spot checks on the published contents of enterprises' annual reports.

Tax annual inspection, that is to say, after the end of the tax year, according to the relevant laws and regulations, the enterprise calculates the annual taxable income and the amount of income tax payable, fills in the annual enterprise income tax return form, handles the annual enterprise income tax return to the competent tax authorities, and provides the relevant information required by the tax authorities, settle the annual enterprise income tax.

In recent years, in order to improve the efficiency of work and reduce the burden of enterprises, the government has combined several departments to work at the same time, simplify the procedures and carry out regular inspection, so there is a joint annual inspection. Generally, foreign-funded enterprises need joint annual inspection. This work is generally handled by the office staff of the company, with the assistance of financial personnel, mainly providing or entering the relevant financial statement data of the annual audit report as required.

If the company fails to declare the annual inspection before the deadline, a fine of not less than 10000 yuan but not more than 100000 yuan shall be imposed in accordance with the provisions of Article 68 of the regulations on the administration of company registration; If it belongs to a non company enterprise legal person or unincorporated business unit, it shall be fined less than three times the amount of illegal income, but the maximum amount shall not exceed 30000 yuan. If there is no illegal income, a fine of less than 10000 yuan shall be imposed.

Enterprises will be added to the abnormal business list or blacklist by the Administration for Industry and commerce. Once an enterprise is pulled into the abnormal business list or blacklist, it will affect the reputation of the enterprise and the relevant person in charge of the company. The enterprises listed in the list of abnormal operation are restricted in bank loans, government bidding, opening online stores, selecting advanced enterprises, and so on, forming a situation of "one dishonest, all restricted".

If an enterprise fails to submit its annual report and fails to file tax returns for two consecutive years, its business license may be revoked by the company registration authority.