Two departments: further deepen and standardize the "tax-bank interaction" work

In order to thoroughly implement the decision-making arrangements of the Party Central Committee and the State Council on optimizing the business environment, improving the social credit system, and supporting the high-quality development of private enterprises and small and micro enterprises, and to promote the establishment and practice of a correct performance view, the State Administration of Taxation and the China Banking and Insurance Regulatory Commission recently jointly issued the "Notice on Further Deepening and Standardizing the Work of 'Bank-Tax Interaction'" to better leverage the important role of tax credit in the construction of an inclusive financial system and support the financing and development of private and small and micro enterprises. Since 2015, the two departments have jointly carried out activities to assist the development of small and micro enterprises through the "Bank-Tax Interaction" mechanism, sharing corporate tax credit information in accordance with the law to help banks accurately provide credit support to trustworthy enterprises, alleviate the financing difficulties of small and micro enterprises, and promote enterprise tax integrity. By the end of 2025, national banking financial institutions have cumulatively issued 45.1772 million loans to honest taxpayers in small and micro enterprises through the "bank-tax interaction" mechanism, with a loan amount of 15.7 trillion yuan.