Regulator tightens rules on shell companies, stock sale taxes and e-commerce platforms to curb regional competition for investment and level the playing field
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The State Taxation Administration. Photo: VCG
Authorities target retailers, shell companies and off-the-books manoeuvres to lessen tax liabilities.
New rules target post-lockup bonus shares and scrap a 15% default cost deduction to ensure payment of capital gains tax
The proposed legislation gives provincial governments the power to set rates between 11% and 13%
Declining fiscal revenue is prompting tax authorities to scrutinize offshore trusts and equity gains.
Dozens of listed companies have disclosed more than $675 million in back taxes, late fees and fines so far this year
Profit-driven law enforcement by local governments is deterring new businesses in vulnerable sectors
