Economic Daily: "Pinduoduo" was punished for not submitting tax-related information as required. Internet platform enterprises should operate in accordance with the law and pay taxes honestly.

The Economic Daily reported that recently, Shanghai Dream Information Technology Co., Ltd. was fined 100,000 yuan by the tax authorities for violating the "Regulations on Tax-related Information Reporting for Internet Platform Enterprises", bringing attention to the compliance and integrity of tax payment by platform enterprises. The rule of law is the best business environment. With the deepening of tax-related information reporting work, the tax compliance awareness of operators and practitioners within the platform continues to improve, creating a market environment of fair competition online and offline, and correcting the "overlapping" competition has become a consensus in the whole society. At the same time, complying with the "Regulations" is to effectively regulate platform operators to fulfill their market subject registration obligations and "display their business licenses", to the maximum extent curb income concealment, false marketing, and "brushing orders to boost credit" and other illegal behaviors, to protect compliant market subjects and maintain a fair competition order. The person in charge of the Changning District Tax Bureau in Shanghai stated that strict implementation of the "Regulations" is conducive to promoting compliant operation, orderly competition, and healthy development of various business entities on internet platforms, better safeguarding the legitimate rights and interests of operators, practitioners, and consumers within the platform. Next, the tax authorities will continue to base their responsibilities, lawfully investigate and deal with various tax-related violations, create a fair tax environment for online and offline competition, and promote the standardized and healthy development of the platform economy.