China has rolled out new tax reporting rules for internet platforms in a move to boost transparency and rough forced father and son sex videos xvideosenforcement. The regulations, which took effect June 23, require platforms to submit quarterly reports to tax authorities on the identity and income of sellers and workers, including livestreamers, online shop owners and content creators.
The first reports are due in October 2025. Some workers, such as delivery drivers and housekeepers who qualify for tax exemptions, are excluded from the requirement. Authorities say the new rules won’t raise taxes for most small businesses, which already benefit from existing tax breaks. However, those hiding income could see their tax burden increase.
Platforms that fail to report accurately or on time face fines of up to RMB 500,000 ($69,718) and potential business suspensions. The rules also protect platforms from penalties if they meet verification obligations but receive false information. [Caixin, in Chinese]