On 20 Dec. 2021, Hangzhou Municipal Taxation Bureau informed that, according to the big data analysis, live-streamer Huang Wei (online ID: Weiya) had evaded RMB 643 million (approximately $100 million in USD) of taxes between 2019 and 2020 by concealing personal income and falsely declaring her commission income as business income, and, at the same time, had underpaid other taxes by RMB 60 million (approximately $9.42 million in USD).
During the taxation investigation, Huang Wei cooperated actively and took the initiative to pay RMB 500 million in back taxes as well as report tax-related violations that were not yet found by the authorities. Taking all into account, the bureau imposed a total of RMB 1.341 billion fine (approximately $210 million in USD) on Huang Wei in accordance with the PRC Individual Income Tax Law (中华人民共和国个人所得税法), including back taxes, late payment fees, and punitive fines.
Cover Photo by Li Zhang on Unsplash
Contributors: CJO Staff Contributors Team
