The STA intensified the implementation of structural tax and fee cuts. Focusing on key sectors and critical areas, the STA ensured precise and efficient execution, and further improved tax and fee supporting policies. Policy review, promotion and explanation were refined. The STA continued to optimize the "Policies Looking for People" service, facilitating direct and swift access to policies. Violations such as fraudulent tax relief claims or malicious exploitation of tax preferences were strictly tackled through resolute and swift enforcement to safeguard the accurate and stable implementation of preferential policies. In 2024, tax and fee cuts and tax refunds under the existing policies supporting technological innovation and manufacturing development exceeded 2.6 trillion yuan. Driven by these targeted tax and fee supporting policies, sales revenue from high-tech industries nationwide increased by 11.3% year-on-year, while that of manufacturing enterprises increased by 3.9% year-on-year.

What is the "Policies Looking for People" service?
Leveraging the strengths of tax big data, tax authorities have optimized the "Policies Looking for People" service which intelligently matches tax policies with eligible entities based on industry, enterprise type, personnel identity and other criteria, ensuring that qualified businesses receive timely and tailored policy support. In 2024, tax authorities continued to optimize the "Policies Looking for People" service. Through integrating taxpayer information, operational data, and behavioral patterns during tax filing and fee-paying processes, the STA developed a strategy to deliver a package of customized tax preferential policies and operational guidelines to taxpayers, focusing on supporting technological innovation, manufacturing development, capital market stability, and real estate market regulation. Throughout the year, 629 million policy recommendations were precisely delivered to taxpayers (individuals/entities) for a total of 405 million times and 16.25 million targeted promotional materials were distributed to 11.48 million newly registered businesses. These efforts have empowered market entities to fully utilize preferential policies and further enhanced their tax compliance.