When the individual tax registration certificate should be cancelled, if it is not cancelled according to the regulations, it will face the legal risk of being punished. "Measures for the Administration of Tax Registration" Article 26 If a taxpayer terminates his tax payment obligation according to law due to dissolution, bankruptcy, cancellation or other circumstances, he shall report to the original tax registration authority for cancellation of tax registration with relevant documents and materials, and then go through the cancellation of tax registration with the administrative department for industry and commerce or other organs. "People's Republic of China (PRC) tax collection and management law" sixtieth taxpayers have one of the following acts, the tax authorities shall order them to make corrections within a time limit and may impose a fine of less than 2000 yuan; If the circumstances are serious, a fine of not less than 2,000 yuan but not more than 10,000 yuan shall be imposed: (1) Failing to go through tax registration, change registration or cancellation registration within the prescribed time limit; (2) Failing to set up and keep accounting books or keep accounting vouchers and relevant materials in accordance with regulations; (3) failing to submit the financial accounting system, financial accounting treatment methods and accounting software to the tax authorities for future reference; (4) Failing to declare all bank accounts to the tax authorities in accordance with regulations; (five) failing to install and use the tax control device in accordance with the provisions, or damaging or replacing the tax control device without authorization. If the taxpayer fails to apply for tax registration, the tax authorities shall order it to make corrections within a time limit; If no correction is made within the time limit, the administrative department for industry and commerce shall request the tax authorities to revoke their business licenses. Taxpayers who fail to use the tax registration certificate in accordance with the provisions, or lend, alter, damage, buy, sell or forge the tax registration certificate shall be fined more than 2,000 yuan 1 10,000 yuan; If the circumstances are serious, a fine of not less than ten thousand yuan but not more than fifty thousand yuan shall be imposed.