Notice on the Management of China VAT General Invoices

To further standardize the VAT invoice management, optimize the tax service and meet the needs of the taxpayers, notice on the Management of VAT General invoices hereby announced as follows:

First, Adjust VAT general invoice’s (folding invoice) invoice code

The invoice code for the general VAT invoice (folding invoice) is adjusted to 12 digits with encoding rules: 1 to 0, 2-5 stands for the provinces, autonomous regions and municipalities directly under the central government and cities under separate state planning, 6-7 stands for the year, 8-10 stands for the batch, 11-12 stands for invoice types and sheets, including 04 stands for two-sheets general VAT invoices (folding invoice), 05 stands for five-sheets general VAT invoices (folding invoice).

The VAT general invoices (folding invoice) of 10 digits invoice code that in tax authority's inventory or with the taxpayer can continue to use.

Second, General VAT invoices printed with the name of the company (folding invoice)

(I)Taxpayer could submit a written request to the national tax authority to require the use of general VAT invoices with this company name (folding invoice) in accordance with the measures on invoice management of the PRC and its implementing rules. The state tax authorities shall confirm the type and quantity of invoices printed in the name of the company. Tax payers issue VAT invoice (folding tickets) with the name of the company on the new system of VAT invoice management.

(II) General VAT invoices printed with the name of the company (folding invoice) shall be printed by particular appointed manufacturers. The style, specification, sheets and anti-counterfeiting measures are consistent with the ordinary VAT invoice (folding ticket) printed by the tax authorities and shall be stamped with enterprise invoice seal.

(III) The invoice code of the general VAT invoice (folding invoice) with the name of the company shall be prepared in accordance with the code rules stipulated in article 1 of this notice. The 8th -10th of the invoice code stands for the batch and were approved by the provincial state tax authorities in the section of 501-999.

(IV) Enterprises using general VAT invoices printed with the name of the company (folding invoice) shall have direct settlement of printing costs with the invoice printing manufacturers in accordance with the notice of the ministry of finance of the state administration of taxation on the settlement of the issue of the invoice printing and printing of the invoices.

This notice shall come into force on January 1, 2018.