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Fan Bingbing: Missing Chinese actress fined for tax fraud

October 3, 2018 4:08 pm

Chinese mega star Fan Bingbing has been fined around 883 million yuan ($129m; £98.9m) for tax evasion and other offences, authorities said Wednesday.

The star, who disappeared in July, posted a long apology on social media.

Ms Fan, who is one of China’s highest paid actors, will escape criminal charges if the fines are paid on time, said state news agency Xinhua.

The actress had been linked to a government probe into how celebrities reported earnings in their contracts.

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Some film stars were alleged to have used so-called “yin-yang contracts” – a practice where one contract sets out an actor’s real earnings, and another details a lower figure, with the latter submitted to the tax authorities.

Authorities have now ordered Ms Fan and the companies she controls to pay the huge sum in taxes, fines and penalties.