Chinese authorities are raking in more tax from online vendors as part of a crackdown triggered by Beijing’s desire to bolster revenues to compensate for slowing economic growth.
Since a new law came into effect in October, platforms such as Alibaba, Shein and Amazon have been submitting data that indicates merchants’ profits, including names, orders, sales and virtual gifts or digital tokens, according to documents released by local tax bureaus.
More than 7,000 ecommerce platforms had reported tax-related information by the end of the third quarter, said Lian Qifeng, a director of tax for the State Taxation Administration, at a briefing in December.
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