Core Points - The new tax credit management measures will include social insurance fees and non-tax revenues, impacting over 10 trillion yuan in income, aimed at enhancing corporate tax compliance and integrity [1][2] - The new measures will take effect on July 1, 2025, and will provide a more comprehensive evaluation of corporate credit status by incorporating timely reporting and payment of taxes and fees [1][2] - The evaluation system will maintain the existing credit levels (A, B, M, C, D) while optimizing scoring rules and increasing the flexibility for credit repair [3][4] Summary by Sections Tax Credit Management Measures - The State Taxation Administration has released the "Tax Payment Credit Management Measures," which will now include social insurance fees and non-tax revenues in the credit evaluation [1][2] - The total expected income from social insurance and non-tax revenues for 2024 is approximately 163.68 billion yuan, nearly equal to the national tax revenue [1] Corporate Responsibility and Compliance - The integration of social insurance fee payments into the credit evaluation is expected to enhance corporate social responsibility and compliance, promoting high-quality economic development [2] - The measures aim to create a unified credit evaluation system for taxes and social insurance, improving the scientific and standardized management of tax payment credit [2] Credit Evaluation Levels - The credit levels will remain the same, with A being the highest and D the lowest, based on annual evaluation scores [3] - Companies with good credit ratings (A, B) will benefit from incentives such as easier access to tax refunds and financing opportunities [3] Flexibility and Credit Repair - The new measures will allow for more leniency in credit scoring, particularly for social insurance fee payments, and will enhance the mechanisms for credit repair [4][5] - Companies can correct any credit-damaging behaviors within three days to fully restore their scores, and the repair standards have been adjusted to encourage timely corrections [5] Implementation and Future Outlook - The tax authorities will implement the new measures through extensive outreach and support services, with the first evaluation results expected in April 2026 [6] - The number of trustworthy taxpayers is projected to increase, with 41.27 million compliant taxpayers reported in 2024, marking a significant rise from the previous year [6]