In recent years, with the severe investigation and punishment of invoice changing cases in the petrochemical industry, the traditional means of invoicing and the new type of invoicing methods derived from the on-line invoicing module of refined oil products are difficult to play a role, and the phenomenon of evasion of consumption tax through invoicing has gradually faded away. No. 11 of 2023), which included a large number of chemical products into the scope of collection of refined oil products, making the chemical products consumption tax controversy of the special remediation work on refined oil products since August 2022 settle down, while some chemical products manufacturers still have the legacy consumption tax risk. In addition, since 2023, another major feature of the petrochemical industry tax collection and management is the special audit of gas stations and the investigation and handling of new business models in the field of refined oil products circulation, which can be seen from the various typical cases that have broken out this year, the petrochemical industry has shown a wave of unsettled and a wave of "strict investigation and hard hitting" a consistent regulatory posture.
The "Petrochemical Industry Tax Compliance Report (2024)" is a legal research report compiled based on Hwuason's in-depth observation of the petrochemical industry and the profound summarization of its experience in representing petrochemical industry in tax-related criminal and administrative cases, aiming at revealing the current situation of the petrochemical industry in the handling of tax-related criminal and administrative cases and the trend in the judicial investigation and handling, analyzing the risky business model of the petrochemical industry and its evolution, and proposing defense strategies and compliance recommendations, so as to help petrochemical enterprises to prevent and protect themselves from tax-related criminal and administrative cases. The report also proposes defense strategies and compliance recommendations, with a view to providing reference for petrochemical enterprises in preventing and weakening tax risks.

Click to download: Petrochemical Industry Tax Compliance Report (2024)