Abstract: The State Administration of Taxation (SAT) carried out tax credit rating activities nationwide in 2014, and has since then published a list of honest tax-paying companies every year. Those included in the list are not only supported by preferential tax policies, but also better known for this significant honor. Does honest tax paying play a role in obtaining commercial credit financing? Based on the tax credit rating data of listed companies from 2014 to 2016, we test whether tax credit enterprises are more likely to obtain commercial credit financing. The results of this paper show that honest tax-paying companies are more likely to obtain commercial credit financing. Further research shows that the effect of tax credit on commercial credit financing is more significant in state-owned enterprises and in central and western regions. The research of this paper shows that tax credit plays an important in obtaining commercial credit financing.

Key words: honest tax paying, commercial credit, nature of enterprises