News on May 13th reported that some e-commerce enterprises in Shenzhen have received a "Risk Investigation Notice" issued by the tax authorities, pointing out the existence of "risks involving concealing sales revenue from e-commerce platforms", and requiring relevant enterprises to submit complete sales records, platform flows, bank details and financial vouchers for the second half of 2025 within 5 days.

With the upgrade of regulatory technology, tax authorities have realized the interconnection, interoperability and automatic comparison of e-commerce platform data, payment flows and bank information. Traditional non-compliant behaviors such as "receiving payments through private accounts, operating off the books, underreporting and concealing" will be difficult to hide. Actual cases show that enterprises with annual sales of more than 100 million yuan have been investigated for concealing income due to receiving payments through private accounts and face high tax supplements; at the same time, some merchants have been marked by the system due to lack of vouchers for brushing order expenditures and unreported remittance differences, falling into a passive situation.

This investigation shows that the e-commerce industry is accelerating its transformation from "extensive growth" to "compliant operation". Relevant enterprises should immediately carry out financial and tax self-inspection, sort out the differences between online platform and offline income and expenditure, and seek assistance from professional institutions for rectification when necessary, actively standardize declaration, so as to strive for more favorable disposal space.

Source: NetEase Business