News Snapshot:
We explain China’s taxpayer credit rating system, including how it works and why it is important for foreign enterprises based in the country and doing business in China. Taxpayer credit rating is becoming increasingly important for foreign enterprises operating in China as its government – at all levels – is working continuously to improve the country’s social credit system . A good tax credit rating means the enterprise will access more favorable treatment when obtaining tax incentives, making bids, applying for loans, obtaining business qualifications, etc., while a poor rating can lead to more stringent scrutiny in a wide range...
