- New regulation requires internet platforms to report tax information of businesses and workers quarterly
- Aims to improve tax service efficiency and ensure fairness in the digital economy
- Exemptions for platform workers in public convenience services like delivery and transport
- New rules will not increase tax burden for most businesses and workers
- Small and micro-sized businesses continue to benefit from preferential tax policies
- Platforms not required to resubmit already provided tax information
- Emphasis on privacy protection and secure data management by platforms and tax agencies
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.
