The invention provides a smart card, which comprises a bottom layer and a middle layer which are sequentially arranged, wherein the middle layer is sequentially provided with a connection layer, a dielectric layer, an anti-counterfeiting layer and a surface layer; or the anti-counterfeiting layer, the dielectric layer, the connection layer and the surface layer are sequentially arranged on the middle layer; and the anti-counterfeiting layer is provided with a concave and convex structure on the surface opposite to the dielectric layer. The invention further provides a manufacturing method of the smart card. Compared with the prior art, the security of the card is improved, and naked eye anti-counterfeiting and instrument identification anti-counterfeiting can be achieved by the anti-counterfeiting layer at the same time.