Shanghai Hotline: 021- 68877368
Tel (Wechat): +86 18101649652
Annual Audit Report is also known as Joint Annual Inspection for foreign capital companies. There are seven departments: Industry and Commerce, Tax Bureau, Statistics, Finance, Foreign Trade and Foreign Exchange Bureau. Generally speaking, the annual inspection time of foreign-invested enterprises is from March 1 to June 31 every year. Fail to declare within the specific time, will cause negative influence on the enterprises.
Shanghai Annual Audit Procedure:
A.declare online
B.print the joint annual inspection form
C.get approvals of each audit department
Checklist for Shanghai Annual Audit:
A.Annual Inspection Report
B.Certificate of the designated representative or principal agent of the enterprise
C. Copy of the business license
D. Copies of the relevant licenses and approval documents affixed with the seal of the enterprise if there are any pre-registration administrative license business items in the scope of business
E. Annual Balance Sheet and Profit and Loss Statement
F. Audit reports issued by accounting firm
G.Audit Report on Foreign Exchange Income and Expenditure Statement issued by Accounting Firm
H.Where an enterprise has a branch of an illegal person, it shall also submit a copy of the business license of the branch
I. Original and photocopy of the final capital verification report of an enterprise
J. Other materials required by the State Administration for Industry and Commerce and the Administration of Foreign Exchange
Legal Consequences of Fail Participat in Annual Report for Foeign Enterprises
If a foreign-funded enterprise fails to accept the annual inspection of industry and Commerce in accordance with the regulations, it will not be fined, but it will have an impact on the credit of the enterprise if it does not do the annual inspection. Once the credit of the enterprise is affected, your customer's credit to your company will be reduced, which will affect the normal operation of the company; therefore, it is very important to participate in the joint annual inspection on time.
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Shanghai Hotline: 021-68877368 Tel (Wechat): +86 18101649652
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