Guideline issued to evaluate tax performance of companies

The nation's top tax authorities issued a guideline on Tuesday for evaluating domestic and foreign companies' tax performance in light of incentives.

It's the latest step toward a transparent credit reporting system.

The new guideline is part of an effort to build a credit reporting system in which all companies and individuals are enrolled in a national credit information database by the end of 2020, according to Wang Lujin, spokesman for the State Administration of Taxation.