The company has no income, does not need to pay taxes, and can declare it as zero. The company needs to handle the accounts, and any capital flow needs to be recorded. If there is no business within the tax period, that is, there is no turnover, then in this regard, it can be reflected in the financial statements and reported to the tax authorities. There is no charge for business license, and the tax registration authority will review the declaration of the parties. If everything is true, you don't have to pay taxes.
The company's zero declaration cannot exceed six months at the longest. If the company fails to start business for more than 6 months after its establishment without justifiable reasons, or stops business for more than 6 months after its opening, the company registration authority will revoke its business license according to law. If a company fails to notify or announce its creditors in accordance with the provisions during merger, division, reduction of registered capital or liquidation, the company registration authority shall order it to make corrections and impose a fine of more than 654.38 million yuan but less than 654.38 million yuan. If the company fails to declare for six months, it may cancel the company after completing the cancellation procedures.
Legal basis:
People's Republic of China (PRC) VAT Regulations
second
VAT rate:
(1) Unless otherwise specified in items 2, 4 and 5 of this article, the tax rate of taxpayers selling goods, services, tangible movable property leasing services or imported goods is 17%.
Article 4 of the Provisional Regulations of People's Republic of China (PRC) on Value-added Tax.
Except as provided in Article 11 of these Regulations, the taxable amount of taxpayers selling goods, labor services, services, intangible assets and real estate (hereinafter referred to as taxable sales) is the balance of the current output tax after deducting the current input tax. Calculation formula of tax payable: tax payable = current output tax-current input tax. When the current output tax is less than the current input tax, the insufficient part can be carried forward to the next period for further deduction.
Article 5
Where a taxpayer conducts taxable sales, the value-added tax levied shall be calculated according to the sales amount and the tax rate stipulated in Article 2 of these Regulations, which is the output tax. Output tax calculation formula: output tax = sales amount × tax rate.