China has made a firm commitment to e-Invoicing as the backbone of its taxation model reform. As of 2021, China Tax Bureau (CTB) has imposed on new taxpayers in the country the adoption of the new e-Invoicing system called Golden Tax System or Fapiao System. All other taxpayers may join voluntarily.
Source Edicom
Latest Posts in "China"
- China Clarifies VAT Rules for Mergers, Divisions, Sales, and Exchanges in 2026 Guidance
- China Clarifies VAT Deduction Rules for Goods, Services, Asset Restructuring, and Mixed-Rate Transactions
- China Announces New VAT Preferential Policies and Thresholds Effective January 1, 2026
- China Customs Releases 9% Import VAT Rate Product Code Table, Effective 2026
- China Issues Interim VAT Deduction Rules for Long-Term Assets Over 5 Million Yuan
