The tax credit rating ranked from highest to lowest is A-B-M-C-D. What are the effects , if get the lowest D tax credit rating?
The Grade D shall be continued for 2 years, and the tax credit shall not be evaluated as grade A in the third year. The other main impacts are as follows if fall in grade D:
1. Affiliated companies: the other companies set by the directly responsible personnel(s) of the Grad D company is directly given them tax credit with grade D.
2. Invoice supply by tax office: VAT special invoice and Non-special VAT invoice supply is strictly limited supply.
3. Export tax rebate: affect the export tax rebate;
4. Tax monitoring: tax office will strengthen the tax assessment of such companies and strictly review the various materials submitted by such companies; Also, they will be included in the key monitoring companies of the tax system.
6. Qualification and license: The results of tax credit evaluation will be reported to the relevant departments, which will have an impact on Grade D’ operation, such as high-tech qualification application.
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