Recently, both businesses and residents have received many notifications of tax arrears.
On the one hand, many investors who trade US stocks have suddenly received text messages from the tax bureau, reminding them of “undeclared foreign income”.
This is quite frightening. It has been a gray area before, and no one has taken care of it. But if it is really investigated, this is 20% or more, up to 45% of the income tax.
On the other hand, many listed companies have fallen into the tax arrears storm.
This Friday, Xuzhou state-owned enterprise Weiwu Shares was traced back and investigated for 30 years. Its original holding subsidiary Zhijiang Winery was determined to need to pay back consumption tax and other various taxes from 1994 to 2009, totaling 85.02 million.
Following this, five companies, Shunhao Shares, Peking University Pharmaceutical, Hualin Securities, and Lianjian Optoelectronics, all issued tax arrears related announcements.
Among them, a particularly exaggerated Bohui Shares, with a market value of more than 1.3 billion, was ordered to pay back 500 million in taxes. In a fit of pique, it issued a production suspension announcement, directly lying flat, and fell to the limit on Friday.
Anyone with a discerning eye can feel that the strict investigation of the tax system is underway, and it may just be the beginning.
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