One year into China's Private Economy Promotion Law, tax authorities across provinces have delivered tangible results. Zhejiang deployed an AI intelligent agent for tax inquiries, achieving 92% answer accuracy. Guangdong uses tax big data for proactive enterprise health monitoring, flagging risks before they become problems. Jiangsu streamlined the sole-proprietor-to-company conversion process into a single online procedure with three months of dedicated follow-up support. Shandong's tax-credit financing initiative connected over 3,000 small businesses with nearly 7 billion yuan in loans. Nationwide, tax incentives for sci-tech innovation exceeded 2 trillion yuan in 2025, with private firms representing over 90% of high-tech enterprises.
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Tax Perspective: How Private Enterprises Are Moving Forward with AI-Powered Tax Services
On the first anniversary of China's Private Economy Promotion Law, tax authorities across multiple provinces are leveraging AI and big data to support private enterprises. Guangdong uses tax big data for enterprise health checks and targeted policy delivery. Zhejiang launched an AI-powered 'tax consultation intelligent agent' achieving 92% answer accuracy. Jiangsu streamlined business-type conversion procedures with ongoing support. Shandong built a tax-credit financing pool providing 6.8 billion yuan in loans to over 3,000 small businesses. Nationwide, tax incentives for sci-tech innovation exceeded 2 trillion yuan in 2025, with private firms accounting for over 92% of high-tech enterprises.
2026-07-14