Shanghai Tax Authorities Impose Fine on PDD in Accordance with the Law

Deep News
Jan 21

On January 21, it was learned from the State Taxation Administration's Shanghai Changning District Taxation Bureau that Shanghai Xunmeng Information Technology Co., Ltd. (the operating entity of the "PDD" platform) failed to report tax-related information as required by the "Internet Platform Enterprise Tax-Related Information Reporting Provisions" and was ordered by the tax authorities to make corrections within a specified period. Although the company had initiated corrective actions, it failed to complete them within the stipulated deadline, leading the bureau to impose a fine of 100,000 yuan on "PDD" in accordance with the law and regulations.

Following the implementation of the "Internet Platform Enterprise Tax-Related Information Reporting Provisions" in 2025, "PDD" did not submit the required tax-related information for merchants and workers on its platform for the third quarter of 2025. In November 2025, the tax authorities lawfully issued a notice ordering the company to rectify the situation within a deadline, which it failed to meet. Consequently, the Shanghai Changning District Taxation Bureau imposed a fine of 100,000 yuan on "PDD" in accordance with the law and regulations.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10