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State Taxation Administration clarifies matters related to tax credit repair

Updated: 2019-11-21

The State Taxation Administration recently issued the "Announcement on Matters Related to Tax Credit Repair". Since January 1, 2020, taxpayers of enterprises that have been included in tax credit management have carried out tax credit repair by making credit commitments and correcting untrustworthiness. Further encourage and guide taxpayers to enhance the awareness of taxation in accordance with the law and actively construct a new taxation supervision mechanism based on credit. 

The announcement clarified the situation, the conditions, and the procedures for tax credit repair.