On December 26, 2019, the first joint conference on tax support and services for the integrated development of the Yangtze river delta was held in Qingpu of Shanghai. At the meeting, the Work System of the joint conference on tax support and services for the integrated development of the Yangtze river delta and the Work Plan on tax support and services for the integrated development of the Yangtze river delta were deliberated and adopted, marking a substantial step forward in the national strategy on tax support and services for the integrated development of the Yangtze river delta.

The meeting is around the “blend into integration", and to promote regional economic collaboration among regions, to present convenient measures to inter-provincial migration business and inter-provincial tax matters, inter-provincial housing & land management business, etc. It is also to formulate general office list among the Yangtze river delta. The above four measures will provide taxpayers across the Yangtze river delta with more convenience.

Embracing the “service integration” and optimizing the regional business environment, it introduces to realize the smart tax, unified tax advice, improve tax payment services for large enterprises, expand the scope of tax incentives for the record for reference, develop Yangtze river delta "up to run once" list, and on the basis of Shanghai to optimize tax business environment measures, it is to enhance the level of regional tax service. The six measures will effectively promote taxpayers’ sense of gain and satisfaction. As to "advancing integration" and information sharing, it is to launch dynamic credit scores, consensus tax credit evaluation results, co-pushing risk early warning to remind, jointly to carry out the tax measures such as economic analysis, and promote the rule of law norms, unify tax administrative penalty discretion to exercise the standard, to develop Yangtze river delta region "first violations do not punish" list. The above six measures will effectively promote the taxpayers’ self-discipline, improve the taxpayers’ compliance of the tax law.

Among these innovative measures, enterprises will experience the benefits of tax support and services brought by the integrated development of the Yangtze river delta in advance.Shanghai Nuo Di Law Firm is committed to escort the development of enterprises. If you have any questions related to finance and tax laws, please feel free to contact us.