China tightens tax regulation on entertainment sector

Beijing, September 19 (Xinhua): China will further intensify fiscal regulation on people and businesses in the entertainment industry as part of efforts to promote solid development already Long term of the sector in accordance with the latest guideline published by State Tax Administration (STA).

The tight regulation will focus on daily management and will require celebrities and LiveStreaming interpreters. To establish tax accounts for your studies or companies in accordance with the law and have your tax return and audited payment and verified by the tax authorities, the circular STA said. The guide also stressed the need to perform regular tax risk assessments in this sector, based on which the celebrities and network anchors exposed to fiscal risks will receive requests from one to join and rectify their problems.

During supervision, it randomly selects the inspectors in charge of enforcing the Law will perform regular tax audits through celebrities and network anchors selected at random.

The tax authorities at the level of the lawn roots will also face a stricter supervision. For example, tax officers take advantage of their power to practice favoritism and commit fraud will be seriously punished in accordance with the law.

Tax authorities at all levels are prohibited from pulling their blows by illegally configuring tax incentives or apply flexible incentives in a flexible manner. A relevant review will be made to prevent abuse of tax incentives and, at the same time, ensure that relevant companies and individuals can fully enjoy legal tax incentives.

The administration also the tax departments required at lower levels to respond in a timely manner and address the needs and legal requests of the entertainment sector for tax payment services. Enditem follow by China.org.cn on Twitter and Facebook to join the conversation. Download applications from ChinaNews

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