- China adopted a new tax reporting regulation for digital platforms on June 20, 2025
- The regulation aligns with the OECD framework and China’s Tax Collection and Management Law and E-Commerce Law
- The regulation applies to both domestic and overseas digital platform operators
- Platforms affected include those facilitating intangible services, e-commerce, and subscription-based live streaming
- Operators must provide monthly reports with platform domain, business type, supplier information, and income details
- Non-compliance can result in fines ranging from EUR 2500 to 60,000 depending on the severity of the infraction
Source: 1stopvat.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.
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