11.06
·Reported
·Importance III
·Sources 2
·China
On November 6, the draft amendment to the Law on the Administration of Tax Collection was opened for public comment: if an enterprise has a large amount of unpaid taxes and has not settled tax surcharges or provided guarantees, its principal person in charge and actual controller may be restricted from leaving the country; when investigating major tax violation cases, exit restrictions may be imposed on important involved personnel during the investigation stage with the approval of provincial tax authorities.
11.01
·Reported
·Importance II
·Sources 1
·China
In late October, universities such as the University of Science and Technology Beijing and Hangzhou Normal University issued notices stating that, starting November 1, they will withhold VAT and surcharges on labor remuneration for seven types of services, including consulting, design, and education, sparking questioning from netizens.
10.31
·Reported
·Importance II
·Sources 1
·Shanghai
According to Shanghai News Workshop, the Minhang District Representative Office of the Shanghai Charity Foundation received a property worth 6.5 million yuan bequeathed by an elderly person for educational aid. The person in charge stated that selling the property would require an estimated 4.5 to 4.6 million yuan in taxes, so they have decided not to sell it for now and will instead use rental income to support charity. On October 31, the topic topped the Weibo trending list.
10.25
·Verified
·Importance II
·Sources 1
·Beijing
The Beijing Municipal Tax Service publicly disclosed on its official website that tax notices had been served on 21 natural persons, reflecting the continuing increase in pressure on local finances and tax recovery.
10.25
·Reported
·Importance II
·Sources 1
·Gansu
On October 25, a netizen in Gansu posted a video titled "Who Isn't a Good Taxpaying Citizen," listing one by one the various tax rates embedded in everyday consumption such as food, utilities, transportation, home purchases and car buying, sparking heated discussion in the comments over hidden tax burdens.
10.22
·Verified
·Importance IV
·Sources 1
·China
October 22 is the deadline set by the Chinese government for declaring historical back taxes on offshore trusts. On that day, Chinese stocks officially entered a technical bear market, with the wealthy selling assets to pay the taxes, triggering selling pressure.
10.22
·Reported
·Importance III
·Sources 1
·Shanghai, China
Many private entrepreneurs in Shanghai are facing pressure to pay massive back taxes, with some billionaires having to borrow hundreds of millions of yuan in cash just to barely meet their tax obligations.
10.22
·Verified
·Importance III
·Sources 1
·北京市怀柔区
The Huairou District Tax Bureau in Beijing has issued public notices to 21 individuals, including Chao Mouzhe, requiring them to self-examine and declare personal income tax on offshore trusts in accordance with the law.
10.22
·Reported
·Importance III
·Sources 1
·Beijing
On October 22, the Huairou District Tax Bureau of Beijing issued an announcement, serving 21 individuals with Notices of Tax Matters, requiring them to self-inspect the establishment of and participation in offshore trusts, submit materials within 15 days, and declare and pay individual income tax in accordance with the law.
10.20
·Reported
·Importance IV
·Sources 1
·China
Bloomberg named eight Chinese billionaires including Ding Lei, Huang Zheng and Lei Jun, whose overseas trust assets exceed $140 billion, facing a new round of tax recovery and harvesting by the Chinese Communist Party.
10.19
·Verified
·Importance IV
·Sources 1
·China
The State Taxation Administration released six implementation details, clarifying standards for lump-sum back taxes and the recovery period on historical trust income from offshore trusts, stepping up tax recovery from the wealthy’s overseas trusts.
10.19
·Reported
·Importance III
·Sources 1
·China
On October 19, China's State Taxation Administration once again reminded relevant taxpayers to complete filing and tax payments within the transition period before October 22, in order to avoid late-payment surcharges. Bloomberg reported the same day that the offshore holdings of 8 billionaires, including Ding Lei and Huang Zheng, totaling about $140.2 billion, could be affected.
10.16
·Reported
·Importance III
·Sources 1
·China
On October 16, Reuters cited family office lawyers as saying that some Chinese property developers are unable to pay the taxes they owe due to the sluggish property market; Hong Kong trust lawyers said that after the strengthening of tax collection on offshore trusts, some people have revoked trusts they set up before even funding them. China announced new personal income tax rules for offshore trusts in July; historical tax arrears must be declared and paid by October 22 to avoid late payment surcharges.
10.15
·Reported
·Importance II
·Sources 1
·Zhuhai
The Zhuhai Jinwan District Tax Bureau has notified immigration authorities to block Xie Pingzhong from leaving the country starting October 15, citing the failure of Zhuhai Sanying Daily Necessities Co., Ltd. to settle outstanding taxes and late fees, or to provide a guarantee.
10.09
·Reported
·Importance II
·Sources 1
·Shenzhen
On October 9, the Shenzhen Tax Service issued an announcement stating that the social insurance payment function via channels such as the Alipay life account "Shenzhen Tax Service" has been restored.