Fenglin Group announced it has received a Tax Matters Notice issued by the competent tax authority, requiring the company to return tax refunds already received during the period from January 1, 2022 to December 31, 2025 that did not comply with the immediate levy and immediate refund value-added tax preferential policy. The company's preliminary estimate of the tax amount to be returned is approximately 27 million yuan, and the notice does not involve administrative penalties. The company will carry out further accounting work, and the specific amount will be subject to the actual payment situation in the future.
Guangxi Fenglin Wood Industry Group Co LtdRequired to return ~27 million yuan in tax refunds due to non-compliance with VAT preferential policy.
