- Hainan Yuehongyuan Tire Trading Co., Ltd. was investigated for fraudulently obtaining VAT credit refunds from 2021 to 2023.
- The company concealed sales income and made false declarations, fraudulently obtaining 1.72 million yuan in VAT refunds and underpaying 1.92 million yuan in various taxes.
- In March 2025, authorities ordered the company to repay the refunds and taxes, plus late fees and fines totaling 7.28 million yuan.
- The case has been transferred to the police due to the company’s failure to pay the required amounts on time.
- Tax authorities emphasized continued strict enforcement against tax evasion to maintain fair economic order.
Source: chinatax.gov.cn
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.
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