Individual households must also do bookkeeping and tax reporting, and every year to do business annual report and tax annual report, the first year do not do penalty-free, the second year do not do a fine. If it is to be canceled, there will be a fine, will not be too much, directly go through the normal cancellation process is good.

In accordance with the State Council's "Interim Regulations on the Disclosure of Enterprise Information", enterprises should report their annual reports for the previous year to the business sector through the enterprise credit information disclosure system from January 1 to June 30 each year, and make them public.

Anyone who fails to report after the deadline, or if the annual report is falsified, will be put on the list of business anomalies. If the company fails to submit an annual report for three years, it will be directly "blacklisted" - entering the "blacklist" of enterprises that have violated the law.

Expanded Information

According to the provisions of the Law of the People's Republic of China on the Administration of Taxation and Collection:

(1) Enterprises, branches of enterprises set up outside the country and premises engaged in the production and operation of business, and individual industrial and commercial enterprises and institutions engaged in the production and operation of business (hereinafter collectively referred to as the taxpayers engaged in the production and operation of the tax) from the receipt of the business license ) shall, within 30 days from the date of receipt of business license, declare to the tax authorities for tax registration with relevant documents. The tax authorities shall examine and issue tax registration documents within 30 days from the date of receipt of the declaration.

(2) taxpayers engaged in production and business, changes in the content of the tax registration, within 30 days from the date of registration of changes in the administration for industry and commerce or before applying to the administration for industry and commerce for deregistration, with the relevant documents to the tax authorities to declare the change or cancellation of tax registration.

(3) Taxpayers engaged in production or business shall, in accordance with the relevant state regulations, open basic deposit accounts and other deposit accounts in banks or other financial institutions with their tax registration documents, and report all their account numbers to the tax authorities.

(4) Taxpayers shall use tax registration documents in accordance with the provisions of the competent tax authorities under the State Council. Tax registration documents shall not be lent, altered, destroyed, bought or sold, or forged.

Baidu Encyclopedia - Provisional Regulations on the Publication of Enterprise Information