Type: Legislation
The comprehensive service platform provides taxpayers with confirmation of invoice use, risk notification, information downloads and other services. Taxpayers can issue general electronic VAT invoices through the new platform, which have the same legal effect and are recognized by tax authorities. The time limit for invoicing items to be approved is adjusted from the original 5 working days to immediate settlement. The new platform optimizes tax or financial management processes for taxpayers who have lost VAT invoices or unified invoices for motor vehicle sales. New platform provides standardized error correction services for taxpayers.
Effective date: During 2019-2020
