China Briefing News

E-Invoicing in China Gets Push with Advanced Version Piloted in Shanghai, Guangdong, and Inner Mongolia

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Shanghai, Guangdong, and Inner Mongolia conduct pilot programs and introduce a brand-new and more advanced electronic fapiao.

Costs on Tax Control Equipment Now VAT Free

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Starting on December 1, 2011, value added tax (VAT) payers can deduct the costs associated with purchase of VAT control equipment, and any costs incurred when conducting technical maintenance on the equipment, from VAT payments.

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