All Chinese provinces (except Tibet) have now launched their digitalise e-fapiao programmes. Last month, Anhui, Beijing, Guizhou, Hunan, Ningxia, Qinghai and Shandong joined the nation-wide trials which has started in 2021.
These are replacing the long-standing paper-fapiao and normal e-fapiao invoices which are pre-printed for the business with special invoice numbering to control recording machines and prevent VAT fraud.
Source: vatcalc.com
Latest Posts in "China"
- China Ends Platinum Import Tax Exemption, Imposes 13% VAT, Reshaping Global Precious Metals Market
- China Ends Platinum Import VAT Exemption, Imposes 13% Tax Starting November 1
- China Expands Tourist VAT Refund Scheme to Jilin and Inner Mongolia in 2025
- Chongqing Tax Bureau Seeks Public Comments on Draft Land Value-Added Tax Policy Announcement
- China’s Unified VAT Reform: Modernizing Tax Compliance for Domestic and Foreign Businesses
