The Ministry of Finance ("MOF") has recently prepared and issued the Catalog of Retained Certification Items Specified in Departmental Rules and Normative Documents (Draft for Comment) (the "Draft for Comment") for public comment by March 31, 2020.
The Draft for Comment lists four categories of certification items to be retained. The first is supporting documents on the development of undertakings and non-profit activities of non-profit organizations. The second is proof of no record of administrative penalties and continuous business operations. The third is special audit reports for total assets and aggregate value of purchased equipment; annual reports for services rendered to small- and medium-sized enterprises (SMEs); results of the assessment of the number of SMEs receiving platform's services and their satisfaction by provincial SME authorities; and other materials. And the fourth is photocopies of the approval certificate for the establishment of a foreign-invested enterprise or the record-filing receipt for the incorporation or changes to a foreign-invested enterprise and its business license; photocopies of the capital verification report and the audit report of the preceding year; and other materials. For each category of certification items, the Draft for Comment expounds on the purpose, legal basis, level of legislation, authorities requiring these documents, authorities issuing these documents, and levels of authorities requiring these documents.