Fapiao liability in China.
Fapiao(Tax Machine) machine authorization every month.
There are two main Fapiao categories:.
Types of Fapiao(Invoice).
You can also divide the China Tax Invoice(Fapiao) into two main types of Fapiao.
China official invoice(Fapiao) is not only proof of the buyer's expenditure,
but also the seller's income.
The number of Fapiao that can be printed
and the capital value of each Fapiao are subject to specific quotas.
Foreign businesses usually have a hard time understanding Fapiao, mainly because the concept is only practiced outside of China.
The changing policy about Fapiao, making it even more blur.
Business China will help you to clear up China's Fapiao(Invoice) system briefly.
To minimise liabilities and ensure compliance,
many businesspeople consult with professional advisors to understand best Fapiao practices for their company and industry.
Considering that the VAT Fapiao is used for tax deduction purposes, it will contain
detailed information including the trader's tax code, address, telephone number, and bank account information.
The severity of mishandling a company's Fapiao system should not be underestimated- if a company fails to produce a Fapiao when requested to by a customer, this constitutes an illegal act, as all business transactions
are required by law to be recorded on a Fapiao.