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                Issuing new regulations for professional tax services

                In May 2017, the issuance of the Measures on Regulating Professional Tax Services (Provisional) marked a significant innovation and breakthrough in the regulation of professional tax services by the STA. The professional tax service industry is thus subject to market competition with the STA taking effective measures to streamline administration, delegate powers to lower level tax authorities and abolish unnecessary approvals. In the meantime, the STA has also innovated regulation through interim and post-event supervision, and highlighted quality service to better serve taxpayers and tax service professionals. In October 2018, the Guidelines on Credit Scoring Indices and Credit Rating for Tax Service Professionals was issued to further improve the credit system of the professional tax service industry.