Will it be harder to deposit and withdraw funds? ! ——WeChat and Alipay usher in the strictest risk control in history

With the launch of the fourth phase of the Golden Tax System, the tax department has significantly increased its supervision of personal accounts. Transfers and receipts between individuals, especially those involving large-value transactions, will be subject to the supervision of the tax department. Mobile payment platforms such as WeChat, Alipay, and Meituan have also been included in the regulatory scope of the fourth phase of the Golden Tax System. This shows that tax management has adapted to the development of the times and achieved accurate monitoring and analysis of personal accounts through big data.

Under this situation, personal collections will face stricter supervision, and companies and individuals must ensure that every transaction can accurately declare taxes. Transferring domestic funds through non-bank payment channels such as WeChat Pay and Alipay is no longer in the “gray area” of unsupervised transactions. With clear supervision measures in place, every transaction of an enterprise may be randomly inspected (individual transactions exceeding 3,000 yuan will be randomly inspected).

Enterprises and individuals need to understand that if they obtain income through private bank accounts, WeChat, Alipay, etc., they should declare and pay taxes in a timely and full amount to avoid illegal phenomena such as tax evasion and private tax avoidance.

To put it simply, the following three situations will be subject to focused inspection: first, any account has cash transactions exceeding 50,000 yuan; second, transfers from public accounts exceed 2 million yuan; third, transfers from private accounts exceed 200,000 yuan (overseas) or 500,000 yuan. Ten thousand yuan (domestic).

For personal collections, especially large-amount collections, if any illegal behavior is discovered, not only will you have to pay back taxes, but you will also have to pay a large amount of late fees and tax administrative fines, which really outweighs the gains and losses.