Interpretation: In July 20 14, State Taxation Administration of The People's Republic of China issued the Measures for the Administration of Tax Credit (Trial) (People's Republic of China (PRC) State Taxation Administration of The People's Republic of China Announcement No.4014, hereinafter referred to as the Administrative Measures) and the Indicators and Methods for Tax Credit Evaluation (Trial) (People's Republic of China (PRC) State Taxation Administration of The People's Republic of China Announcement No.48/20 14). In April of 20 15, local tax authorities completed the tax credit evaluation in 20 14 according to new methods, new indicators and new means, and launched a number of incentive and disciplinary measures through the new round of "Spring Breeze Action of Tax Convenience" in 20 15, which expanded the value-added application of tax credit, promoted taxpayers' honesty and self-discipline and improved tax compliance.