Shanghai extends the deadline for the company's annual report

The Municipal Market Supervision Bureau of Shanghai, with the consent of the Municipal People's Government, the Municipal Commission of Commerce, the Shanghai Customs, Municipal Human Resources and Social Security Bureau, the Municipal Statistics Bureau, and the Municipal Office of the State Administration of Foreign Exchange extended the deadline of the company annual report for the year 2021 for enterprises in Shanghai from 30 June to 30 September 2022. The deadline for individual industrial and business households has been postponed to 31 December 2022.

The filing of the company annual report on time is part of the annual compliance requirements for enterprises, together with the annual audit and the annual CIT settlement, and is usually performed within the end of June of the following year, after completing the tax filing procedure.

Enterprises need to file the company annual report and provide several government departments with accurate and updated information that will be then available on the National Enterprise Credit Information Publicity System. This data set includes basic information about the company, key financial figures, investments and shareholders.

Suppose an enterprise fails to submit the annual report before the deadline. In that case, it will enter into the abnormal list of the State Administration for Market Regulation, and the business license might be revoked if the report is not submitted for three consecutive years.