September 24 2020

STA Announces Four Measures to Optimize Credit Management on Tax Payment

Announcement by State Taxation Administration (STA)

The State Taxation Administration released on September 18, 2020 the Announcement about Issues Related to Credit Management on Tax Payment, to be implemented from November 1, 2020.

The announcement launched four measures to optimize credit management on tax payment, that is, adding non-independent branches to voluntarily participate in credit evaluation of taxpayers, adding a mechanism to review credit evaluation indicators, adjusting the application rules for taxpayer credit evaluation, and relaxing the measure of keeping D rating for two years. The announcement released a new application form of credit review; if a taxpayer disputes evaluation result, it can fill the form before March of the next year to apply for a review.