Deadlines for VAT Deduction Vouchers Clarified
Nov. 26 – China’s State Administration of Taxation (SAT) has released a circular explaining the deadlines of tax deductions for VAT deduction vouchers effective January 1, 2010.
According to the circular, taxpayers who are given special VAT receipts after January 1, 2010 for invoices for roads and inland river freight forwarding and invoices for motor vehicles must apply for authentication within 180 days of the date of issuance of the invoices.
Taxpayers must also apply to tax authorities for VAT deductions during the prescribed period within the following month after receiving the certificates.
For more information on China’s tax regulations, email firstname.lastname@example.org.
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