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China to crack down on tax evasion in livestreaming industry

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BEIJING - 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. The State Taxation Administration said on its website that livestreamers and platforms should compete fairly and fulfil their legal obligations to...

Livestreaming sessions by Chinese livestreamers Li Jiaqi and Viya, whose real name is Huang Wei, are seen on Alibaba's e-commerce app Taobao displayed on mobile phones in this illustration picture taken on Dec 14, 2021.BEIJING - China's tax regulator said on Wednesday 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. Livestreaming has surged in popularity in China, 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.

 

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China to crack down on tax evasion in livestreaming industryBEIJING: China\u0027s tax regulator said on Wednesday (Mar 30) that it will crack down on tax evasion in its booming livestreaming industry, and will start requiring online platforms to report livestreamers\u0027 identities, income and profits every six months. The State Taxation Administration said on its website t
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