Reported 12 months ago
Assistant partner lawyer Deng Huiding from Ronghui Ding World Law Firm stated on July 2, 2024, that if a company evades tax, the company's responsible person may be prosecuted for their criminal act of tax evasion. While the assessment period refers to a certain period during which tax authorities can issue bills for collecting or adjusting taxes in accordance with the law, once this period expires, tax authorities cannot impose additional taxes or penalties. However, for criminal acts of tax evasion, criminal proceeds should still be confiscated within the statutory limitation period for prosecution and confiscation under the Criminal Law. Therefore, evading taxes beyond the assessment period does not absolve one from legal consequences.
Source: YAHOO