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China Provides Penalty Relief for Certain First-Time Tax Violations

|Approved Changes|China
China

China's State Administration of Taxation has issued Announcement No. 6 of 2021 concerning relief from administrative tax penalties for certain first-time tax violations, which is being provided as part of further reforms for tax collection and administration. This includes that no administrative penalties will be imposed in respect of 10 listed violations if they are first-time violations, the harmful consequences are minor, and initiative is taken to make corrections before the violation is…

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