China Tax Agency Posts Decree on Information Reporting Requirements for Digital Platforms

The Chinese State Administration of Taxation June 23 posted Decree No. 810, on reporting requirements for digital platform enterprises. The decree includes measures: 1) requiring platforms to report the identity and income information of operators and employees quarterly, within one month from the end of the quarter; 2) requiring platforms to submit information such as domain name and business type within 30 days of starting operations or the decree’s implementation date; 3) requiring platforms to verify the authenticity, accuracy, and completeness of information reported; 4) exempting income information for specified employees and previously declared withholding tax information; 5) imposing penalties ...