The State Administration of Taxation recently issued the Announcement about Matters Concerning the Management of Value-added Tax Invoices. According to the announcement, eligible taxpayers of living services should submit an electronic statement to local tax bureau about their eligibility for an additional 15% deduction in value-added tax.
If a general VAT taxpayer receives a letter of tax payment from customs authorities after July 1, 2017, it shall confirm or apply for examination of the letter within 360 days. If a small VAT taxpayer has to issue VAT invoices on taxable business activities, it can opt to use the VAT invoice management system to issue invoices. The first article of the announcement will be effective from October 1, 2019, while the second to the fifth articles will be effective from February 1, 2020.