{"id":5349,"date":"2026-07-09T16:40:19","date_gmt":"2026-07-09T08:40:19","guid":{"rendered":"https:\/\/www.sumecbuildingmaterial.com\/?post_type=news&p=5349"},"modified":"2026-07-16T09:43:35","modified_gmt":"2026-07-16T01:43:35","slug":"sumec-awarded-annual-grade-a","status":"publish","type":"news","link":"http:\/\/www.sumecbuildingmaterial.com\/pt\/news\/sumec-awarded-annual-grade-a\/","title":{"rendered":"SUMEC\u00a0Awarded Annual Grade A Tax & Fee Payment Credit Rating for Ten Consecutive Years"},"content":{"rendered":"

Recently, the State Taxation Administration has unveiled the 2025 list of enterprises with Grade A tax and fee payment credit. SUMEC\u00a0and its nine core business subsidiaries have been awarded the annual Grade A tax and fee payment credit rating for ten consecutive years. The number of SUMEC<\/a>\u2019s affiliated legal entities at all levels that have obtained the 2025 Grade A credit rating has reached a record high. This fully demonstrates the high recognition of government authorities for SUMEC\u2019s long-term integrity in business operation and compliance with tax laws. It further polishes the company\u2019s premium credit brand and injects strong impetus into the steady improvement of SUMEC\u2019s core competitiveness.<\/p>\n\n\n

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Taxation serves as a fundamental cornerstone for national development and social operation, and is closely bound up with everyone\u2019s life, playing an indispensable role in national development. First and foremost, taxation is the core and most stable source of national fiscal revenue and provides essential financial support for the operation of the country. It underpins the normal functioning of government institutions, public security, judicial authorities and national defense. It also guarantees the provision of public services including compulsory education, medical care, social security and people\u2019s livelihood assistance, as well as the construction of infrastructure such as highways, water conservancy projects and communication facilities. Virtually all public expenditures for benefiting the people and maintaining social stability are supported by tax revenue.<\/p>\n\n\n\n

Furthermore, taxation is a vital tool for national macroeconomic regulation. By implementing tax reductions and fee cuts, the state can reduce the burden on enterprises and individuals, boost consumption and employment. Adjustments to tax rates can curb economic overheating. Meanwhile, preferential tax policies support high-tech, green, agricultural and other high-quality industries, while restricting high-energy-consuming and high-polluting sectors to drive industrial upgrading and sustain stable and sound economic development. In addition, taxation regulates income distribution and safeguards social equity. The progressive individual income tax system, under which higher earners pay more taxes, effectively narrows the wealth gap. Tax revenue funds assistance for low-income groups and underdeveloped regions, alleviating unbalanced social development.<\/p>\n\n\n\n

Moreover, taxation facilitates ecological and resource protection. Resource taxes and environmental protection taxes restrain enterprises from unregulated resource exploitation and excessive pollutant emissions, advancing green and low-carbon development. Tax supervision standardizes business operations, cracks down on tax evasion and other illegal acts, and maintains a fair and orderly market environment. Externally, tariff policies protect domestic industries and safeguard national economic and trade rights and interests as well as economic sovereignty. In short, taxation is derived from the people and used for the people, acting as a key guarantee for national governance, livelihood improvement and economic development.<\/p>\n\n\n\n

Following the revision of the Measures for the Administration of Tax and Fee Payment Credit in 2025, the evaluation system for tax and fee payment credit ratings has become more comprehensive and standardized. Eligible social insurance premiums and non-tax revenues collected uniformly across the country have been incorporated into the credit evaluation scope, which can more fully reflect enterprises\u2019 credit status. The credit rating is comprehensively assessed by tax authorities based on enterprises\u2019 annual tax and fee payment performance and financial standardization. A categorized management mechanism featuring incentives for trustworthy taxpayers and penalties for dishonest entities is implemented accordingly.<\/p>\n\n\n\n

For a long time, SUMEC<\/a>\u00a0has consistently adhered to the dual-circulation development philosophy, expanded its presence in both domestic and international markets, and strictly abided by the bottom line of compliant operation. The Company actively cooperates with tax authorities, completes tax and fee declarations and payments in full and on schedule in accordance with the law, and upholds the principle of honest tax payment. With sound credit, SUMEC<\/a> safeguards its high-quality and sustainable development.<\/p>\n\n\n\n

Integrity lays a solid foundation for steady and long-term development. As a Grade A tax and fee payer, SUMEC will continue to set an exemplary benchmark for the industry. Adhering to the principles of compliant operation and honest tax payment, the Company will further expand its global layout with a reputable credit standing and strive to build an outstanding and time-honored international enterprise.<\/p>\n\n\n\n

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