Thursday 21st January, 2021
The State Administration of Taxation (STA) of China published on 20th December 2020, regulations on optimising the business environment. This includes, the Special VAT e-invoice the same legal effect as the paper invoice and introduces several changes to the current invoicing processes.
From December last year, special VAT e-invoices are allowed for issuance in 11 regions including Tianjin, Hebei, Shanghai, Jiangsu, Zhejiang, Anhui, Guangdong, Chongqing, Sichuan, Ningbo and Shenzhen.
From 21st January 2021, Special VAT e-invoices will be allowed for issuance in Beijing, Shanxi, Inner Mongolia, Liaoning, Jilin, Heilongjiang, Fujian, Jiangxi, Shandong, Henan, Hubei, Hunan, Guangxi, Hainan, Guizhou, Yunnan, Tibet, Shaanxi, Gansu, Qinghai.
In all instances, the reception of the Special VAT e-invoices is nationwide, i.e. the taxpayers in any part of China will be allowed to receive and process Special VAT e-invoices. The local tax administrations of the provinces, autonomous regions, and the municipalities will be responsible for clarifying the details of the implementation of the Special VAT e-invoice. According to Pagero.