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SAT Announces Tax Fraud “Blacklist”

The State Administration of Taxation (SAT) recently issued its list of serious tax law violations in the country in the first half of 2016 in a bid to strengthen joint disciplinary action and promote integrity building.

This blacklist gives the names of 358 parties to tax law violations, including 349 corporate legal persons found guilty of tax dodging, fraudulent special VAT invoicing, export tax rebate cheating and other offences, and nine natural persons who issued false invoices or committed other offences.

The blacklist shows the Ningbo Qiulong Aquatic Products Co Ltd and a Hebei-based medical company named Junkang as having evaded taxes exceeding RMB100 million.

According to tax regulations, eight types of tax law offences including tax dodging, evasion of tax debt and fraudulent special VAT issuing will be blacklisted. The basic information of the delinquent parties will be exposed by the tax organ on its official website as well as on newspapers, radio and TV.

More than 20 organs, including the Ministry of Public Security, Ministry of Finance and the National Development and Reform Commission, will receive push notification of the blacklist. The delinquent parties may be subject to 18 different joint punitive actions, including prohibition to leave the country and spending limits.

While punishing the dishonest enterprises, the SAT also introduced a credit repair mechanism to give them a chance to turn over a new leaf.

Content provided by Picture: HKTDC Research
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