1. When the tax bureau finds that the company fails to conduct accounting and tax returns as required in the fiscal year, it will freeze the bank account to which the company belongs.
2. A high fine will be imposed, and the fine amount will increase with time. If it is not handled, it will be brought to court. If the fine has not been paid, it will be pulled into the list of untrustworthy people in Hong Kong, and even severely sentenced to imprisonment.
3. The company's handling of other businesses will be affected, such as joining new investors and changing shares and directors.
4. The company's credit will be seriously affected, and it will be affected because it can't produce the audit report. Or to join a new project, the project party will basically require the audit report of the past company. If the production fails, it is likely to lead to the failure of cooperation.
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