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 license1.3 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|
Set up in 2009 Focus on Tax& Accoounting +86 189 16298482 wcx@ruanyinchina.com |
