1. For the cancellation and liquidation of the company, after the liquidation and cancellation registration, the balance of all asset accounts will be credited, and the balance of all liabilities and owners' equity accounts will be debited, and the balance of all accounts of the company will be zero, thus being written off.

2. If the payables to the enterprise have not been paid for more than three years, the enterprise income tax will not be levied temporarily before the cancellation of the enterprise. However, when an enterprise cancels its registration, the payable amount shall be incorporated into the taxable income and enterprise income tax shall be levied.

How to operate the steps of enterprise cancellation?

liquidate

Before going through the cancellation formalities with the registration authority, the company must carry out liquidation according to law, including terminating production, operation and sales activities, liquidating the company's affairs, settling civil litigation, clearing creditor's rights and debts and distributing the remaining property.

The liquidation of a company, regardless of its nature, shall be carried out according to the following steps:

1. Establish a liquidation group.

2. carry out liquidation.

The liquidation group shall take over the company from the date of establishment and carry out the following business: take over the company's property, liquidate the outstanding business of the company, collect creditor's rights, clear debts, distribute the remaining property, cancel the company's legal person status and revoke its business license.

3. Notify creditors to declare their claims.

4. Put forward liquidation plan.

After clearing the company's assets, preparing the balance sheet and list of assets, the liquidation group shall formulate the liquidation plan, which shall be submitted to the shareholders' meeting for discussion and approval or confirmed by the competent authority. Liquidation plan's main contents include: liquidation expenses, wages and labor insurance premiums payable, taxes payable, paying off the company's debts, distributing the remaining property and ending the liquidation work.

It can only be cancelled after the liquidation is completed.

How to deal with other payables after tax cancellation?