Bitcoin (BTC) and the Chinese government, which has imposed a general ban on cryptocurrencies, continues its repressive attitude towards the crypto sector.
According to the news of the local news agency Sina Finance, China has recently bitcoin fined Bitmain, one of the important names in the mining industry.
BTC manufactures equipment for miners bitmainwas fined 24.9687 million yuan ($3.7 million) for unpaid income taxes by the Beijing Tax Office.
Looking at the details of the fine Beijing Tax Office Bitmain’s “Tax Collection and Administration Law of the People’s Republic of ChinaIt was stated that he did not act in accordance with the law and did not pay his taxes.
According to the statement, Bitmain did not pay personal income taxes in accordance with China’s tax collection law. In particular, it was stated that Bitmain did not pay taxes on the salaries, bonuses, allowances and other income of its employees.
The Beijing tax office also noted that tax inspectors sent Bitmain a notice of certain tax violations in August 2022.
Bitmain, which was founded in 2013 by Chinese billionaire Jihan Wu, had to end its activities in China in October 2021 after the bans imposed by China in 2021.
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