State Taxation Administration of China: Encourages banks and tax authorities to use blockchain, privacy computing, and other technologies to innovate the "Bank-Tax Interaction" model

MarsBitNews · 2026-04-05T13:20:10+00:00

Mars Finance News: Recently, the State Taxation Administration of China and the National Financial Regulatory Administration jointly issued the “Notice on Further Deepening and Standardizing the Work of ‘Bank-Tax Interaction’.” It states that the application of bank-tax data should be further deepened. Standardize the content and methods for providing bank-tax data, so as to further address the problem of information asymmetry between banks, tax authorities, and enterprises. Encourage both sides of banks and tax authorities in each region to use technologies such as blockchain and privacy computing to innovate the “bank-tax interaction” model in accordance with laws and regulations. Banks should continuously optimize credit services, increase the supply of financing services for enterprises that pay taxes in good faith, and at the same time continuously monitor the effectiveness of the “bank-tax interaction” loan model to improve risk management capabilities.

MarsBitNews

2026-04-05 13:20:10

Mars Finance news: Recently, the Chinese State Taxation Administration and the National Financial Regulatory Administration jointly issued a notice titled “Notice on Further Deepening and Standardizing ‘Bank-Tax Interaction’ Work.” It states that efforts should be made to deepen the application of bank-tax data. Standardize the content and methods of providing bank-tax data, and further address information asymmetry between banks, taxes, and enterprises. Encourage banking and tax parties in all regions to use technologies such as blockchain and privacy computing to carry out, in accordance with the law and compliance requirements, innovation in “bank-tax interaction” model applications. Banks should continuously optimize credit services and increase the supply of financing services for creditworthy tax-paying enterprises, while also continuously monitoring the effectiveness of “bank-tax interaction” loan models to improve risk management capabilities.

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