"We don't have to pay taxes for sellers anymore." Mr Zhang, a bidder said with joy. In a recent online judicial auction knocked off at 5.69 million yuan, Zhongshan Municipal Bureau of Local Taxation managed to charge 520,000 yuan of personal income tax from the seller with the help of Zhongshan Intermediate People's Court. It signs that buyers will no longer be responsible for tax payment for the seller.
Since this year, Zhongshan Municipal Bureau of Local Taxation and Zhongshan Intermediate People's Court have strengthened communication and decided to establish a linkage mechanism for taxation in online judicial auction and make clear relevant procedures. The court will inform the Municipal Bureau of Local Taxation of the finished online auction, and the court will assist the bureau to deduct the tax payable directly from the payment, after the bureau verifies the tax, which links auction and tax payment altogether.
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