China’s tax regulator said on Wednesday, March 30, that it will crack down on tax evasion in its booming livestreaming industry, and will start requiring online platforms to report livestreamers’ identities, income and profits every six months.
“Livestreaming has played an important role in recent years in promoting flexible employment,” it said. , with millions of influencers running channels such as of Douyin, the Chinese equivalent of TikTok, Kuaishou and other short video platforms, where they talk about topics including lifestyle, food, games and travel.