More than 80 million yuan of gold invested in research and development has "disappeared", Shenzhen Jinsda Applied Materials Co., Ltd. falsely listed research and development expenses to evade taxes.

Recently, the Tax Inspection Bureau of the Shenzhen Taxation Bureau of the State Administration of Taxation cracked down on the tax evasion case of Shenzhen Kingsda Advanced Materials Co., Ltd., which illegally enjoyed tax benefits for research and development expenses. According to the investigation, the company falsely reported expenses for gold materials in research and development expenses to evade taxes, illegally enjoying tax benefits for research and development expenses, resulting in underpayment of 16.2116 million yuan in corporate income tax. In addition, the company also had other tax underpayment behaviors. In response to the illegal facts, the inspection department made a decision to recover taxes, levy late fees, and impose fines totaling 36.1815 million yuan.