Premier Li Qiang of the State Council recently signed a State Council order to announce the "Regulations on the Submission of Tax-related Information of Internet Platform Enterprises" (hereinafter referred to as the "Regulations"), which will come into effect on the date of publication.
The Regulations aim to standardize Internet platform enterprises to submit tax-related information about operators and practitioners on the platform to tax authorities, improve tax services and management efficiency, protect the legitimate rights and interests of taxpayers, create a fair and unified tax environment, and promote the standardized and healthy development of the platform economy. The "Regulations" have a total of 14 articles, and the main contents are as follows.
First is the reporting obligation, content and time limit requirements. It is stipulated that Internet platform companies shall submit identity information of operators and practitioners on the platform and revenue information of the previous quarter to their competent tax authorities within the next month after the end of the quarter.
The second is the case of exemption from submission. It is stipulated that Internet platform companies do not need to submit income information of practitioners who engage in convenient labor activities such as distribution, transportation, housekeeping, etc., who enjoy tax incentives or do not need to pay taxes in accordance with the law, as well as tax-related information of operators and practitioners on the platform before the implementation of the "Regulations".
The third is measures to reduce the burden of reporting. It clearly defines the tax-related information that has been filled out during the withholding declaration and agency declaration, and the tax-related information that can be obtained through information sharing of government departments. Internet platform companies do not need to submit it repeatedly, and stipulates that tax authorities should provide safe and reliable tax-related information reporting channels, convenient interface services, and policy interpretation consultation.
The fourth is the obligation to keep tax-related information confidential. It is stipulated that Internet platform enterprises should standardize the preservation of tax-related information about operators and practitioners on the platform; tax authorities should keep the tax-related information obtained confidential in accordance with the law and establish a tax-related information security management system.
In addition, corresponding legal responsibilities are stipulated for different illegal situations.
