The tax authorities have exposed 3 cases of tax fraud involving tax benefit exploitation

On May 19, tax authorities in Shenzhen, Jiaxing in Zhejiang, and Suzhou Industrial Park in Jiangsu legally investigated and exposed three cases of tax fraud involving the illegal enjoyment of tax benefits. The Inspection Bureau of the Shenzhen Municipal Taxation Bureau of the State Administration of Taxation investigated the case of Shenzhen Jinsida Applied Materials Co., Ltd. fraudulently enjoying tax benefits for additional deductions of R&D expenses. It was found that the company falsely declared taxes by inflating expenses for gold material consumption in R&D costs and illegally enjoyed tax benefits for additional deductions of R&D expenses, resulting in a shortfall of corporate income tax of 16.2116 million yuan. At the same time, the company also had other illegal behaviors of underpayment of taxes. The Inspection Bureau of the Shenzhen Municipal Taxation Bureau, in accordance with the relevant provisions of the Corporate Income Tax Law of the People's Republic of China, the Tax Collection and Administration Law of the People's Republic of China, and the Administrative Penalty Law of the People's Republic of China, pursued the recovery of tax payments, imposed late fees, and levied fines, totaling 36.1815 million yuan