Key facts
- Beidahuang has been ordered to pay a total of 1.41 billion yuan ($210 million) in corporate income tax and late fees.
- The tax assessment covers the period from 2021 to 2025.
- The amount includes 1.02 billion yuan in corporate income tax and 385.8 million yuan in late fees.
A state-owned farming conglomerate, Heilongjiang Agriculture Co. Ltd., widely known as Beidahuang, has been ordered to pay a record tax bill of 1.41 billion yuan ($210 million). The assessment, which includes corporate income tax and late fees for the period from 2021 to 2025, highlights China's increasing focus on corporate tax compliance.