12/02/2025
元宵节快乐 ！
𝐍𝐞𝐰 𝐀𝐮𝐝𝐢𝐭 𝐄𝐱𝐞𝐦𝐩𝐭𝐢𝐨𝐧 𝐂𝐫𝐢𝐭𝐞𝐫𝐢𝐚
Local companies can qualify for audit exemption by meeting any 2 out of these 3 criteria:
Annual Turnover
Total Assets
Employees
𝐂𝐫𝐢𝐭𝐞𝐫𝐢𝐚 𝐏𝐡𝐚𝐬𝐞𝐬:
Phase 1 (2025): ≤ 1M turnover, ≤ 1M assets, ≤ 10 employees
Phase 2 (2026): ≤ 2M turnover, ≤ 2M assets, ≤ 20 employees
Phase 3 (2027): ≤ 3M turnover, ≤ 3M assets, ≤ 30 employees
𝐄𝐱𝐜𝐥𝐮𝐬𝐢𝐨𝐧𝐬
The audit exemption does not apply to:
Public companies or their subsidiaries
Foreign companies
𝐍𝐨𝐭𝐞𝐬
Turnover excludes sales of fixed assets.
Assets include both current and non-current assets.
Directors are not counted as employees.
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