Stiffer measures will be implemented to tackle tax evasion and
other tax-related offenses this year in selected sectors such as
real estate, construction, finance and insurance, Cui Junhui, vice
director of the State Administration of Taxation, said
yesterday.
Inspections will also be conducted in the entertainment,
telecommunications, coal production and transportation sectors,
enterprises engaged in waste material recycling and those involving
overseas investment, Cui said.?
Fabricating invoices and making falsifying accountant statements
are the more common forms of tax evasion, he said.
Tax departments in China recovered 36 billion yuan (US$4.4
billion) in evaded tax revenues through tax inspections in 2005, he
said.
The figure also includes 24.5 billion yuan recovered as a result
of corporate tax inspections in 485,500 cases.
(Xinhua News Agency January 18, 2006)