MOF Strengthens Administration of the Agency Bookkeeping Industry in 2026

Recently, the Ministry of Finance (MOF) has issued the Circular on Ensuring Effective Administration of the Agency Bookkeeping Industry in 2026 (the "Circular").

The Circular sets out arrangements in four areas, including organizing the annual filing of agency bookkeeping institutions for 2026 and enhancing the governance capacity and standards of the agency bookkeeping industry. According to the Circular, in accordance with the Accounting Law of the People's Republic of China (Amended in 2024) and other relevant provisions, agency bookkeeping institutions that had obtained administrative licenses for agency bookkeeping by December 31, 2025, as well as their branches that have completed filing registration (collectively referred to as "agency bookkeeping institutions"), shall complete annual filing with the finance authorities at or above the county level in their respective localities. Agency bookkeeping institutions that relocated their business premises across the jurisdiction of the original finance authority before December 31, 2025 shall complete annual filing with the finance authority in the jurisdiction to which they have relocated. The Circular further provides that provincial-level finance authorities shall coordinate efforts to strengthen regular governance of the agency bookkeeping industry within their jurisdictions, enhance joint supervision of agency bookkeeping and tax-related services provided by such institutions, carry out credit evaluation, and advance pilot programs on enhancing the credibility of accounting data of micro and small enterprises. It also calls for standardizing work procedures and law enforcement inspections, avoiding multiple or repetitive inspections and overlapping regulation, and effectively improving the quality and efficiency of regulatory efforts.



(Source: http://kjs.mof.gov.cn/gongzuotongzhi/202603/t20260306_3984748.htm)

Note: The link to the Chinese official website of the document is for your reference.