According to Xinhua's report, Fan and her studio were notified on Sunday that they must pay back taxes totaling 288 million yuan, as well as fines amounting to 596 million yuan.
Fan appeared in the X-Men and Iron Man film franchises and has more than 62 million followers online in China. It notes: "Film and television enterprises and related employees who have self-examined and rectified themselves before December 31, 2018, and paid owed taxes to the relevant authorities shall be exempted from administrative punishment and shall not be fined".
Social media was awash with speculation over her whereabouts and whether she had been detained.
Bingbing's purported problems began when alleged copies of a film contract she had signed were leaked onto China's social media in late May. (Her team had previously denied the allegation, calling it slander.) If she pays back the money by an unspecified deadline, she will not be held criminally accountable, the report claimed.
"For the past period of time, I have experienced pain and torture like never before". I am ashamed of what I have done, and I deeply regret my actions.
Citing sources with knowledge of her case, the South China Morning Post has reported that Fan was released from "secret detention" about two weeks ago as the investigation into her finances wrapped up.
"I failed my country which nurtured me; I failed the society which trusted me; I failed the fans who liked me", Fan reportedly said, according to translations.
These agreements are known as "yin-yang" dual contracts - one setting out the real agreed payment terms and a second with a lower figure for the tax authorities.
Fan's disappearance coincided with a crackdown by Chinese authorities on high salaries for actors that can eat up much of the cost of a production. LOIC VENANCELOIC VENANCE/AFP/Getty Images Fan Bingbing attends the "The Beguiled" screening during the 70th annual Cannes Film Festival at Palais des Festivals on May 24, 2017 in Cannes, France. Without the great policies of the [Communist] Party and the state, without the love of the people, there would have been no Fan Bingbing.Bingbing.