China Justice Observer

中司观察

EnglishArabicChinese (Simplified)DutchFrenchGermanHindiItalianJapaneseKoreanPortugueseRussianSpanishSwedishHebrewIndonesianVietnameseThaiTurkishMalay

China’s Live-Streamer Fined RMB 1.341 Billion for Tax Evasion

Mon, 24 Jan 2022
Categories: China Legal Trends

On 20 Dec. 2021, Hangzhou Municipal Taxation Bureau informed that, according to the big data analysis, live-streamer Huang Wei (online ID: Weiya) had evaded RMB 643 million (approximately $100 million in USD) of taxes between 2019 and 2020 by concealing personal income and falsely declaring her commission income as business income, and, at the same time, had underpaid other taxes by RMB 60 million (approximately $9.42 million in USD).

During the taxation investigation, Huang Wei cooperated actively and took the initiative to pay RMB 500 million in back taxes as well as report tax-related violations that were not yet found by the authorities. Taking all into account, the bureau imposed a total of RMB 1.341 billion fine (approximately $210 million in USD) on Huang Wei in accordance with the PRC Individual Income Tax Law (中华人民共和国个人所得税法), including back taxes, late payment fees, and punitive fines.

 

 

Cover Photo by Li Zhang on Unsplash

Contributors: CJO Staff Contributors Team

Save as PDF

Related laws on China Laws Portal

You might also like

SPC Releases IP Guiding Cases

In December 2023, China’s Supreme People's Court issued its 39th batch of guiding cases focused on intellectual property rights, covering various aspects such as IPR infringement disputes, patent ownership, and copyright ownership.

SPC Releases Judicial Interpretation on Contract Law

In December 2023, China's Supreme People's Court issued a judicial interpretation on the Contract section of the Civil Code, aimed at guiding courts in adjudicating disputes and ensuring nationwide consistency in application.

China Introduces New Drunk Driving Convictions Standards Effective 2023

In December 2023, China announced updated standards for drunk driving convictions, stating that individuals who drive with a blood alcohol content (BAC) of 80mg/100ml or higher on a breath test may be held criminally liable, according to the recent joint announcement by the Supreme People's Court, Supreme People's Procuratorate, Ministry of Public Security, and Ministry of Justice.

SPC's Revised Rules Extend Reach of International Commercial Courts

In December 2023, China's Supreme People’s Court's newly amended provisions extended the reach of its International Commercial Courts (CICC). To establish a valid choice of court agreement, three requirements must be met - the international nature, the agreement in writing, and the amount in controversy - while the 'actual connection' is no longer required.