Mainland China: Hangzhou Bureau Penalizes Firm for Improper Tax Preference Claims
On 12 October 2026, the Hangzhou Municipal Tax Bureau concluded its investigation into Zhejiang Zhongshui Biaotixin Technology Service Co., Ltd., which helped 23 client enterprises improperly claim “small and micro enterprise” income tax preferences and “venture capital” tax credits through fabricated lease agreements and equity structures. The scheme reduced client tax liabilities by RMB 18.7
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