- China mandates new tax reporting for digital platforms, effective June 20, 2025
- Domestic and foreign digital platforms must submit quarterly tax reports
- Reports include identity and income of operators and service providers
- Digital platforms defined under E-Commerce Law and other legal entities
- Existing platforms have 30 days from effective date to submit required information
- New platforms have 30 days from start of operations to comply
- Operators must verify data accuracy but are not liable for employee discrepancies if due diligence is followed
- Non-compliance fines range from RMB 20,000 to RMB 500,000
- Business operations may be suspended for non-compliance
- Goal is to ensure fair competition and improve tax administration efficiency
- New requirements will not increase tax burdens for businesses and service providers
Source: vatabout.com
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
