The move came as China looks into the Apple supplier’s tax affairs in the southern provinces of Guangdong and Jiangsu. — Reuters
Beijing: Chinese tax authorities handed out a 20,000 yuan fine to a Foxconn Technology Group subsidiary for overstating expenses while Beijing is pursuing a broader probe into the iPhone maker’s operations.
The Foxconn Industrial Internet Co (FII) unit in the central Chinese city of Wuhan was fined by a local tax authority over its accounting of research and development expenses in 2021 and 2022, according to the state-run National Centre for Public Credit Information.
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