The company was rated as a Class A taxpayer for tax credit in 2018.
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Time:2019-05-11
Recently, the Hebei Provincial Tax Bureau released the 2018 tax credit evaluation results for taxpayers in our province, ranking 31,487 taxpayers as having Grade A tax credit. Shijiazhuang Sihua Pharmaceutical Co., Ltd., along with its Development Zone branch and its subsidiary, Hebei Guolong Pharmaceutical Co., Ltd., were among those listed.
Recently, the Hebei Provincial Tax Bureau released the 2018 tax credit evaluation results for taxpayers in our province, ranking 31,487 taxpayers as having Grade A tax credit. Shijiazhuang Siyao Co., Ltd., along with its Development Zone branch and its subsidiary, Hebei Guolong Pharmaceutical Co., Ltd., were among those listed.
In 2018, our province’s tax credit evaluation involved 1.14 million enterprises. The tax credit ratings were categorized into five levels: A, B, M, C, and D. An enterprise with a Tax Credit Rating of Level A had an annual evaluation score of 90 points or above; a Tax Credit Rating of Level B had an annual evaluation score between 70 and 90 points (inclusive); a Tax Credit Rating of Level M had no revenue from production or business operations during the year but achieved an annual evaluation score of 70 points or above; a Tax Credit Rating of Level C had an annual evaluation score between 40 and 70 points (inclusive); and a Tax Credit Rating of Level D had an annual evaluation score below 40 points or was directly assigned a rating based on specific criteria. In this round of evaluations, a total of 31,487 taxpayers were rated as having Tax Credit Rating Level A, accounting for 2.76% of all enterprises evaluated.
According to relevant regulations of the State Administration of Taxation, tax authorities will jointly implement incentive measures with other relevant departments for taxpayers rated as Class A in tax credit. These incentive measures cover 18 sectors—including investment, finance, trade, and environmental protection—and encompass 41 specific joint incentives related to creditworthiness, such as project approval services and management, tax services and management, use of fiscal funds, business services, import and export, inspection and quarantine at entry and exit, food and drug supervision, and financing. The goal is to enable Class A taxpayers to seize more opportunities and benefits in market competition by leveraging their trustworthy track record in the tax field.
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