Caixin
Jan 20, 2022 08:09 PM
BUSINESS

China Detains Staff From Three Oil Refiners Probed for Tax Evasion

Oil storage and transportation facilities operated by Panjin Haoye Chemical in Panjin, Liaoning province, on March 1, 2020. Photo: Panjin Haoye Chemical
Oil storage and transportation facilities operated by Panjin Haoye Chemical in Panjin, Liaoning province, on March 1, 2020. Photo: Panjin Haoye Chemical

Authorities have detained staff at three privately-owned local oil-refining giants in the Liaoning province of Northeastern China in an escalation of a tax evasion dispute that comes amid a broader government probe of the sector.

The companies — Panjin North Asphalt Fuel Co. Ltd., Liaoning Bora Biological Energy Co. Ltd., and Panjin Haoye Chemical Co. Ltd. — were found to have evaded fuel consumption taxes by faking invoices and changing the names of their products and facilities, according to a notice (link in Chinese) published by the State Taxation Administration (STA) on Wednesday.

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