PANews reported on January 21 that, according to the Shanghai Changning District Tax Bureau of the State Taxation Administration, Shanghai Xunmeng Information TechnologyPANews reported on January 21 that, according to the Shanghai Changning District Tax Bureau of the State Taxation Administration, Shanghai Xunmeng Information Technology
The tax authorities have imposed a fine of 100,000 yuan on Pinduoduo.
PANews reported on January 21 that, according to the Shanghai Changning District Tax Bureau of the State Taxation Administration, Shanghai Xunmeng Information Technology Co., Ltd. failed to submit tax-related information as required by the "Regulations on Tax Information Reporting for Internet Platform Enterprises" and was ordered by the tax authorities to rectify the situation within a specified period. Although the company had made rectifications, it failed to complete them within the prescribed time limit. Therefore, the bureau imposed a fine of 100,000 yuan on Pinduoduo in accordance with laws and regulations.
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