In 2014, the State Administration of Taxation issued a document strictly prohibiting "the use of administrative power to force the submission of assurance reports." There is no requirement under tax law to submit an audit report.

Final settlement means that taxpayers must calculate their annual tax returns by themselves before May 31 each year (it is recommended to declare before April 30, because the tax bureau is very busy in May). The amount of income tax paid shall be determined based on the quarterly prepayment of income tax, and the amount of tax payable or refundable for that year shall be determined, and the annual income tax return shall be filled in and then submitted to the relevant tax authorities. If the amount is just right with the amount of tax paid, the company can operate with peace of mind. If the amount does not match, it will have to use the final settlement to make up for the excess.

The "Final Settlement Report", also known as the "Tax Audit Report", is a corporate income tax audit report issued by a tax accounting firm after a comprehensive audit of the enterprise. Enterprises that have not issued a final settlement report will be subject to spot checks!

According to Article 54 of the "Enterprise Income Tax Law of the People's Republic of China": Enterprises shall start from the end of the year Within five months, submit the annual corporate income tax return to the tax authorities, make the final settlement, and settle the tax refund due.