Recently, the innovative drug leaderBeiGene announced that one of its wholly-owned domestic subsidiaries received a notice from the competent tax authority requiring adjustments to prior years’ tax returns, resulting in a total payment of taxes and late payment surcharges of approximately 446 million yuan. This amount represents about 30.5% of the company’s 2025 full-year net profit attributable to the parent of 1.461 billion yuan, nearly one-third of the annual profit. As of June 2026, more than 70 A-share listed companies have disclosed tax repayment announcements this year, with cumulative taxes and late fees exceeding 5 billion yuan.

BeiGene clearly stated in the announcement that this matter does not involve administrative penalties, is not a prior accounting error, and does not require retrospective adjustment of prior-year financial data; the supplementary payments will be fully recognized in the 2026 current profit and loss. Around the same time, multiple other listed companies disclosed tax repayment news: Beidahuang, due to its subsidiary’s land contracting fee income not meeting the conditions for tax incentives, needs to pay back taxes and late fees for 2021-2025 totaling 1.410 billion yuan, causing its market value to evaporate 4.7 billion yuan within two trading days after the announcement; Apple’s largest authorized distributor in China,Aisidi, self-inspected and paid back taxes and late fees of 308 million yuan, equivalent to 82% of its 2025 net profit;Oulin Biotech paid a total of 87.408 million yuan in back taxes and late fees, accounting for 11.82% of its latest audited annual revenue; and cross-border e-commerce giantSACA’s Zebao entity was also subject to a four-year retroactive audit, ultimately paying back taxes and late fees of 1.91 million yuan.

From the sector perspective, this wave of tax repayments spans biomedicine, new materials, agriculture, cross-border e-commerce, and information technology, exhibiting three distinct features: retroactive periods generally extended to 3-5 years; individual repayment amounts ranging from millions to billions of yuan; and the causes concentrated in areas such as eligibility for tax incentives, adjustments to related-party transaction pricing, and discrepancies in cross-border profit declarations—areas previously considered “gray zones” by many companies.

The core driving force behind this large-scale tax repayment wave is the full implementation of theGolden Tax System Phase IV and the formal enforcement of the Value-Added Tax Law in 2026. Golden Tax Phase IV enables real-time cross-referencing of data from tax, banking, industry and commerce, customs, and other departments, with full traceability and automatic reconciliation of the four-stream data (invoices, funds, contracts, and logistics). Practices once commonly used by enterprises—such as adjusting filing bases or concealing part of their income to gain tax benefits—are now almost impossible to hide from the big data system.

For cross-border e-commerce and overseas-oriented enterprises, while domestic tax oversight tightens, on the one hand, domestic related-party transaction pricing and cross-border profit declarations have been brought under penetrating supervision. On the other hand, tax compliance risks in host countries are also rising simultaneously. The normalization of tax supervision fundamentally represents a reshaping of the market valuation logic: the past business rationale of “if it isn’t detected, it’s a gain” has been thoroughly transformed into “what is found must be repaid, and overdue payments will be penalized.” Tax compliance is no longer an extra cost for enterprises but a core asset safeguarding business security.

Source: Cross-Border E-commerce Cross House