信息技术行业动态点评：财税信息系统建设迎来景气周期

Investment Rating - The report maintains an "Outperform" rating for the industry [4] Core Insights - A new round of fiscal and tax system reform is expected to drive the construction of fiscal and tax information systems, as highlighted in the State Council's audit report [3] - The report emphasizes the need for enhanced tax collection management and improved data sharing among departments, addressing issues such as inaccurate accounting information in state-owned enterprises and irregularities in credit allocation [3] - The modernization of the fiscal and tax system will leverage information systems to support a comprehensive monitoring mechanism for transfer payment funds, enhancing budget management at the provincial level [3] - The transition towards a digital tax collection system aims to shift taxpayers from "passive compliance" to "active compliance" and ultimately to "automatic compliance," utilizing technology as a foundation for tax compliance [3] - Companies to watch include Tax Friend Co., Ltd., Jincai Hulin, China Software, and Boshi Software [3] Summary by Sections Fiscal and Tax System Reform - The report discusses the State Council's audit report which suggests optimizing the fiscal system through a new round of reforms, focusing on the division of fiscal responsibilities and enhancing transfer payments [2][3] Information System Development - The report outlines the role of information systems in modernizing the fiscal and tax framework, including the establishment of personal income and asset information systems and integrated budget management systems [3] Digital Transformation in Taxation - The report highlights the digital transformation in tax collection, aiming to create a smart tax system that integrates taxpayer, tax authority, and decision-maker platforms [3]