China’s Accounting Law: Brief IntroductionIn nature, accounting is a management activity to measure, record, analyze, and inspect the economic transactions of an entity, make predictions, participate in decision-making, and conduct supervision, aiming to achieve optimal economic benefits. Accounting law can be broadly …
China’s Taxation Administration: Legal Liabilities (III) Legal liabilities of tax officials for violating tax lawTax officials will be held legally liable for the following violations of tax law: ① Instigating or assisting taxpayers or withholding agents in tax evasion or fraud, or obstructing the recovery of tax debt…
China’s Taxation Administration: Legal Liabilities (II) Legal liabilities of withholding agent for violating tax lawA withholding agent refers to an entity or individual that is obligated to withhold or collect taxes from taxpayers and make payment on their behalf in accordance with the law. The legal liabilities of w…
China’s Taxation Administration: Legal Liabilities (I) Legal liabilities of taxpayers for violating tax law1. Legal liabilities of taxpayers for violating tax administration regulationsTaxpayers' violations of tax administration regulations mainly include violations of regulations on tax registration, accounting ma…
China’s Taxation Administration: Tax InspectionTax inspection refers to the inspection and verification conducted by tax authorities on the fulfillment of tax obligations by taxpayers in accordance with the law. Tax inspection is the power of tax authorities in tax collection and includes: ① The right to inspect infor…
China’s Taxation Administration: Regulations on EnforcementIf a taxpayer fails to pay the tax after the tax payment deadline, the tax authority may take the following mandatory measures under the statutory conditions: ① To notify their bank or other financial institution in writing to withhold taxes from their deposit…
China’s Taxation Administration: Regulations on Tax PreservationTax preservation measures are measures taken by tax authorities to prevent taxpayers from evading their tax payment obligations before the expiration of the tax payment period, including: ① To order them to pay taxes within a specified period of time; ② …
China’s Taxation Administration: Provisions on Tax Reduction, Exemption, Refund, And SubsidyA taxpayer may submit a written application to the tax authority for tax reduction or exemption in accordance with the law. Applications for tax reduction or exemption must be approved by the authorities prescribed by laws and a…
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