Reported about 1 year ago
On June 30, 2024, the Ministry of Finance announced that a total of 915 cases of individuals or profitable businesses with cumulative tax debts exceeding 10 million or 50 million yuan, respectively, amounting to approximately 89.512 billion yuan, were published as part of the annual major arrears prevention and tax collection enhancement measures. Among them, 16 cases with uncollectible debt were nullified due to overdue exemption clauses. The list revealed that the Asia Hotel topped the corporate debtors with an outstanding amount of 21.8 billion yuan, while the late stock market luminary Huang Renzhong led among individuals with a debt of 19.35 billion yuan. Various hotels and family members of Huang Renzhong were prominent figures on this year's list of major debtors.
Source: YAHOO