To avoid tax compliance risks and protect
your company's tax credit rating, please pay close attention to the following
two legally required timelines:
⏰ Two Critical Deadlines
1. Tax Registration – Within 30 Days of
Obtaining the Business License
1.1 Deadline: 30 calendar days
from the date on your business license
1.2 Key point: This applies even
if your company has not started any business operations or
generated any revenue
1.3 Why it matters: Failure to
register within the deadline may result in penalties and negatively impact
your tax credit rating
2. Bank Account Reporting – Within 15
Days of Opening Any Corporate Bank Account
2.1 Deadline: 15 calendar days
from the date each bank account is opened
2.2 Key point: This applies
to all corporate bank accounts, not just your basic
operating account. Every account – whether a basic account, general
account, or special-purpose account – must be reported
2.3 How to report: Submit the
account information to the tax authorities through the local electronic
tax bureau portal
⚠️ Why These
Deadlines Matter
Missing either deadline can lead to:
1. Financial penalties under the
Tax Collection and Administration Law
2. Negative points deducted from
your tax credit rating
3. Automatic disqualification from an "A-level" credit
rating – specifically, if a taxpayer
fails to report all of their bank accounts to the tax authorities as
required, 11 points will be deducted at once. Once points are
deducted, the company will be disqualified from receiving an A-level tax
credit rating for that assessment period.
|
Set up in 2009
Focus on Tax& Accoounting
+86 189 16298482
wcx@ruanyinchina.com
|
