The Measures for the Management of Tax and Fee Payment Credit, effective from 1 July 2025, bring social insurance premiums collected uniformly nationwide and eligible non-tax revenue items into credit evaluation, upgrading tax credit to tax and fee payment credit. Yet reporting from several regions shows some businesses still overlook the credit rules for declaring and paying these items, losing points for late filing or insufficient payment and thereby affecting their annual credit rating.
Li Ping, deputy director of the Tax Science Research Institute of the State Taxation Administration, said the shift of collection duties for social insurance premiums and non-tax revenue to tax authorities has profoundly changed the tax landscape. The measures implement the central government's opinions on improving the social credit system, refine the tax and fee payment credit framework and advance that system. Including payment in credit evaluation is an important part of national credit building.
The core change is that items such as basic endowment insurance premiums for employees are now assessed alongside taxes, so a company's credit rating reflects both its tax filings and its payment behaviour. The article notes that in practice some companies still handle these payments as before, unaware that late or short payment costs points.
The spread of digitalised collection means the tax authority can now spot anomalies in payment data quickly and push risk alerts, so companies are advised to treat premium and non-tax revenue declaration and payment as part of routine compliance, check data consistency regularly and correct problems promptly.