Of the total amount, Fan is being personally fined around €60m (£54 million) for tax evasion, according to China's official Xinhua News Agency. Her vanishing act sparked wild speculation in China about her fate, including reports that she had been detained.
Allegations of Fan's fishy figures were first voiced in May, when TV presenter Cui Yongyuan posted screenshots on Weibo of what appeared to be one of the actress's contracts. China's biggest star has not been seen in public for more than two months, and her disappearance is raising questions about the Chinese justice system.
The star has appeared in the X-Men movies (Ian West/PA) The star had vanished from the public eye for months (Ian West/PA) Fan Bingbing attends the "Amant Double (L'Amant Double)" premiere during the 70th annual Cannes Film Festival at Palais des Festivals on May 26, 2017 in Cannes, France. She instead paid taxes on a contract for only 10 million yuan, it said. If Fan pays almost 900 million yuan - amounting to $130 million in taxes, fines and late fees - she will not be investigated for criminal responsibility for tax evasion.
"I feel ashamed and guilty of my behaviour and wrongdoings". Here, I sincerely apologise to everyone.
The report gave no indication as to Fan's whereabouts. Fan also avoided an additional 1.12 million yuan business taxes, therefore evading a total of 7.3 million in tax for the film. "I failed my country which nurtured me; I failed the society which trusted me; I failed the fans who liked me", she wrote to her 61 million followers.
However, Fan - who earned around £33million a year ago - previously denied any wrongdoing.
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"I owe my success to the support of my country and people. I beg for everyone's forgiveness!"
Fan is usually active on the service and posts regularly, but her last activity on the platform was in late July when she "liked" several posts, the BBC reported. She has since been relocated to Beijing.
A statement released by Fan's studio previously said she was the victim of "slander", but did not dispute the authenticity of the documents Cui released.
Fan also made an global name for herself with appearances in Hollywood franchises such as X-men and Iron Man.
She is one of China's most influential celebrities and previous year topped Forbes magazine's list of top Chinese celebrities with income of around 300 million yuan ($43m).