Shanghai's science and innovation sector grew steadily this year, with tax authorities providing targeted, proactive services. VAT invoice data show high-tech industry sales revenue rose 17% year on year in January-February, with high-tech services up 23% and aerospace equipment manufacturing up 21.6%. A navigation technology firm cited big-data-driven tax risk screening as helping it stay compliant while focusing on innovation. Scientific research and technical services revenue grew 28.9%, and the digital economy core industry grew 9.3% with digital technology application up 17.6%. An AI firm behind the MiniMax large-model series benefited from Shanghai's talent, computing and policy clustering. Tax authorities formed a service team for AI enterprises, guiding them via face-to-face discussions to strengthen tax risk management and access policy benefits, supporting the city's goal of becoming a national AI hub.
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Tax Data Shows Steady Growth in Shanghai's Science and Innovation Sector
VAT invoice data show Shanghai's high-tech industry sales revenue rose 17% in January-February, with high-tech services up 23% and aerospace equipment manufacturing up 21.6%. Scientific research and technical services revenue grew 28.9%, while the digital economy core industry grew 9.3% and digital technology application 17.6%. Tax authorities used big data to help firms screen tax risks and formed a service team for AI companies to guide tax risk management and policy compliance.
2026-09-30