Huang Wei, known as Viya, is an internet celebrity with tens of millions of followers. She has used her platform to sell a variety of products.
Authorities in Hangzhou accuse her of hiding her personal income as well as other financial offences between 2019 and 2020.
In a post on her Weibo account, she said she was "deeply sorry".
"I thoroughly accept the punishment made by the tax authorities," the post said.
The 36-year-old has become a major internet celebrity in China, fuelled by the meteoric growth of online shopping.