TV, film sectors targeted in tax crackdown
By Chen Jia | China Daily | Updated: 2019-01-23 07:11
China's tax authority chased down 11.75 billion yuan ($1.73 billion) in unpaid taxes last year from film and TV industry professionals after a campaign investigating tax evasion revealed widespread abuses, said the State Administration of Taxation on Tuesday.
The nationwide campaign, which began in October, is still ongoing. It began a new phase this month by targeting a smaller group of taxpayers in the sector thought to have a higher proclivity for tax evasion activity.
Fines will be reduced for those who come forward and proactively settle unpaid amounts, said an official with the administration.
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