State Administration for Market Regulation, General Administration of Customs and the State Administration of Taxation, Guidelines for the Deregistration of Enterprises (Revised in 2023)

国家市场监督管理总局、海关总署、国家税务总局关于企业注销指引 (2023年修订)

February 02, 2024 | BY

Susan Mok

Guidelines provide for the simplified deregistration procedure

Promulgated: December 21, 2023

Main contents: On the basis of the provisions concerning the deregistration of companies, the Guidelines add provisions concerning the deregistration of business entities such as enterprise legal persons organized other than as companies, partnerships, wholly individually-owned enterprises, specialized farmers' cooperatives and individual/family proprietorships, specify in detail the composition and method of selection of the liquidation committee, the responsibilities of the liquidation committee, issuance of liquidation committee information and the requirements for creditor announcements, and clarify in detail the relevant procedures for a regular deregistration and a simplified deregistration.

When an enterprise applies for simplified deregistration, it should not have any claims or liabilities, such as discharge expenses, employee wages, social insurance premiums, statutory compensation and taxes payable (late payment fines and penalties), outstanding, with the exception of listed companies limited by shares.

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