Four Most Useful Points You Should Know about Invoice in China

Editor:Kerry Lee| Resource:AT0086.com

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As we all know, an invoice is a commercial document issued by a seller to the buyer, and indicating the details of the products. Maybe this sounds simple; however, if you are going to do business in China, you should also need to know more about it in details.
As we all know, an invoice is a commercial document issued by a seller to the buyer, and indicating the details of the products. Maybe this sounds simple; however, if you are going to do business in China, you should also need to know more about it in details.
 
1. When an invoice is issued
An individual or enterprise that receives payment for the sale of goods, provision of service or other business activities should issue invoices to the payer. Under special circumstances, the payer will issue invoices to the payee.
 
2. When to ask for an invoice
When enterprises and individuals engaged in production or other business operations purchase a good, receive a service or conduct a business activity, they should ask the payee for an invoice and must not change the description or amount shown on the invoice.
 
3. The limitation of issuing an invoice
Invoices should be issued in serial order within a specified period of time. Invoices in multiple copies should be issued at one time to accurately record the details of a transaction and stamped with the issuer's official seal or special invoice seal.
No individual or enterprise should borrow, transfer or issue invoices on others' behalf. Unless approval is granted by the tax authority, the invoice books should not be detached for use. The scope of use for special invoices should not be extended randomly.

4. The use of an invoice
Invoices which fail to meet the relevant requirements cannot be used as financial proof. Enterprises and individuals may refuse to accept such invoices.

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