Announcement of the State Administration of Taxation on Several Matters relating to the Administration of Value-added Tax Invoices
Announcement of the State Administration of Taxation on Several Matters relating to the Administration of Value-added Tax Invoices
Announcement of the State Administration of Taxation on Several Matters relating to the Administration of Value-added Tax Invoices
Announcement of the State Administration of Taxation [2017] No.45
December 18, 2017
In order to carry out a series of arrangements made by the Central Committee of the Communist Party of China and the State Council for optimizing the business environment and advancing the reform of "streamlining administration, delegating powers, and strengthening regulation and improving services", boost the level of service with respect to the value-added tax invoices, and create a more standardized and fair taxation environment, several matters relating to the administration of value-added tax ("VAT") invoices are hereby announced as follows:
I. Promoting the use of short names for the classification codes of goods and services
From January 1, 2018, where a taxpayer issues VAT invoices (including special VAT invoices, regular VAT invoices and regular electronic VAT invoices) through the new VAT invoice management system, the short names corresponding to the tax classification codes of goods and services will be automatically displayed and printed in the column "name of goods or taxable labor services or services" or the column "item" on such invoices.
......
Announcement of the State Administration of Taxation [2017] No.45
December 18, 2017
In order to carry out a series of arrangements made by the Central Committee of the Communist Party of China and the State Council for optimizing the business environment and advancing the reform of "streamlining administration, delegating powers, and strengthening regulation and improving services", boost the level of service with respect to the value-added tax invoices, and create a more standardized and fair taxation environment, several matters relating to the administration of value-added tax ("VAT") invoices are hereby announced as follows:
I. Promoting the use of short names for the classification codes of goods and services
From January 1, 2018, where a taxpayer issues VAT invoices (including special VAT invoices, regular VAT invoices and regular electronic VAT invoices) through the new VAT invoice management system, the short names corresponding to the tax classification codes of goods and services will be automatically displayed and printed in the column "name of goods or taxable labor services or services" or the column "item" on such invoices.
......