Penalty for Companies that Fail to Apply for Tax Registration
According to Article 60 of China’s Law on the Administration of Tax Registration, a new established company must apply for tax registration within 30 days from the date of obtaining the industrial and commercial business license. If the company does not register it may be listed as an abnormal business and a fine between RMB 2,000 and RMB 10,000 yuan may be imposed according to the circumstances.