After registering a company, under what circumstances can a zero declaration be made, and what should be noted?

After registering a company, even without operation or income, you are still required to keep accounting and file taxes. This situation is often overlooked, with the misconception that no income means no accounting or tax filing is necessary. Remember, this is unimaginable; even without income, we can make a zero declaration. Some entrepreneurs may not be familiar with what a zero declaration is. So, let me explain to you:
Zero reporting refers to taxpayers and withholders who are registered for tax with the tax authority and have not engaged in taxable activities during the current period. They should file a zero report with the tax authority, indicating that there were no taxable items during the current period (i.e., within the tax period). After registering a company, what situations can zero reporting be implemented? What should be noted?
Zero tax reporting is what businesses desire, but not all can be zero declarations. After registering a company, zero declarations can be made under the following circumstances:
Current VAT, Consumption Tax, and Corporate Income Tax declaration data are all "0".
2. The current revenue for the Value-Added Tax (VAT) small-scale纳税人 is "0".
3. Corporate income tax payers with no business operations during the current period have both income and costs of "0."
Especially note that if a VAT general taxpayer has a zero revenue for the period but has input taxes, the declaration cannot be zero. However, a company cannot declare zero to evade taxes, as the consequences are severe. Besides tax collection, there will be tax administrative penalties, and the credit rating will be lowered. So, when registering a company in Shenzhen, you should be aware of the following issues to consider when making a zero declaration:
1. Ensure the company is genuinely a zero-declaration tax payer and not engaging in fraudulent accounting for tax evasion.
2. Ensure timely zero declarations within the timeframe stipulated by tax laws, avoiding late submissions.
3. Regularly communicate with the Tax Department within the company's jurisdiction and promptly explain why the company is filing zero declarations, along with details of the company's actual situation.
The company has no operation and no income, zero declaration can be implemented, but please pay special attention: continuous zero declaration for three months is considered abnormal and will be flagged for special attention; the consequences of long-term zero declaration are more severe, as the tax authority will include the taxpayer in a focused monitoring scope, conducting an assessment. If, during the assessment process, any behavior such as hiding income or issuing false invoices is discovered, penalties should be imposed. Therefore, please, entrepreneurs, always conduct business with integrity.