The National Development and Reform Commission and the State Administration of Taxation recently issued the Circular about Strengthening Construction of Tax Credit System for Individual Income Taxpayers.
The circular said individual income taxpayers with serious dishonest behaviors would be subject to joint punishment. Tax agency and relevant departments will work together to roll out joint punishment measures against taxpayers who make dishonest or false tax declarations, special additional tax deductions and tax privileges. Their information will be transferred to the national credit information sharing platform, and their credit data will be updated from time to time.