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China Evergrande units served with tax noticesThe development comes ahead of a high-profile case where a judge will decide whether to liquidate the embattled Chinese property developer.
Reuters
Last Updated IST
<div class="paragraphs"><p>The logo of China Evergrande Group seen on the Evergrande Center in Shanghai.</p></div>

The logo of China Evergrande Group seen on the Evergrande Center in Shanghai.

Credit: Reuters Photo

Evergrande Property Services Group said on Friday its units have received tax notices for not providing supporting documents recognising their bad debt losses and tax deductions for deposits worth 13.4 billion yuan ($1.87 billion) during 2021 to 2023.

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The development comes ahead of parent China Evergrande's high-profile case on Monday where a judge will decide whether to liquidate the embattled Chinese property developer.

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(Published 26 January 2024, 19:09 IST)