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.
The filing, dated June 23, specifies that the total amount comprises 1.02 billion yuan in corporate income tax and 385.8 million yuan in late fees. This significant penalty underscores the intensified scrutiny on corporate tax adherence within China.