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Home/City > News >
SAT Yichang Office to Upgrade the Tax Credit System
2015-03-19 14:35:03

  “While we have just earned the title of being a level A taxpayer, our application to the government for the special fund to support the county’s economic development has been approved of.” Yang Luo, the financial executive of Hubei Sanning Chemical Co. Ltd., came to Zhijiang Office of the State Administration of Taxation(SAT) in person to express their gratitude on March 2.
  Just like Sanning Chemical, each year nearly 100 corporations in the city can enjoy preferential policies just because they always pay tax in conformity with the law. Green light is given to these honest taxpayers in doing many things. For instance, they are provided tax-related services such as making special order, reservation or delay services. Voluntary taxation professionals give them the point-to-point specialized instruction in how to comprehend the policies. Within the boundary of law regulations, level A taxpayers may enjoy the favorable policy in export tax rebate and tax-collecting methods. They can also enjoy the “exemption from examination” treatment within two years except for special regulations and requirements.
  Since the first assessment of “level A taxpayers of the province” was conducted in 2014, the number of level A taxpayers in Yichang reaches 524, among which 38 taxpayers are assessed as having level A credit more than 3 times.
  This January, the municipal office, SAT exposed a typical case in tax evasion, that is, to put Yichang Fujiangnan Food Co. Ltd in the blacklist. The corporation was leveled as D directly. The related departments were informed to restrict or ban its actions including business operation, investment and financing, acquisition of governmental providing lands, import and export, exit and entry of the border, new company registration, project bidding, government procurement, honor acquisition, security clearance, production permit, practicing qualification, examination and verification of qualification and others.
  Dai Yimin, Director of municipal office, SAT said, “In strengthening the construction of integrity system, we should publicize a ‘blacklist’ in regular so as to upgrade the integrity system in paying tax.” (Correspondents: Wang Weifeng, Yang Kai and Liu Xinlu)