(ECNS) - Anyone who seriously violates China's tax regulations will be barred from leaving the country or assuming leadership roles, according to the State Administration of Taxation.
Eighteen measures against major tax abuses have been introduced by China's taxation agency in cooperation with 20 government departments, including the National Development and Reform Commission and the Ministry of Transportation.
The measures also include banning tax frauds from participating in government procurement bidding and from indulging in luxury spending.
Preventing luxury spending means that people penalized by taxation agencies will be added to a credit blacklist and be unable to travel by plane or soft-sleeper train cabins.
In October of 2014, the State Administration of Taxation began requiring enterprises to follow its Tax Credit Management Measures to root out dishonesty and enhance the tax system.
Tax credits are divided into four categories, namely A, B, C and D, with D the lowest level. Taxpayers assigned the D rating will face high penalties and restrictions on operations, financing and licensing.
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