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China to Implement Lottery System for Tax Audits

|Approved Changes|China
China

According to a recently published English translation of a notice from China's State Administration of Taxation (SAT), the SAT will implement a lottery system to select taxpayers for audit each year. The system will randomly select about 20% of major taxpayers each year, with no major taxpayer selected more than once every 5 years. It will also select no more than 3% of non-major taxpayers and …

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