- China’s State Taxation Administration urges local tax bureaus to use a targeted, risk-based approach in cracking down on invoicing issues.
- Local bureaus are advised against using a one-size-fits-all method for stopping invoice issuance or reducing invoice quotas.
- Authorities must ensure companies can legitimately use invoices for business operations and contracts.
- Companies under investigation should promptly provide documentation to address and eliminate risks.
Source: news.bloombergtax.com
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
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