Xinhua News Agency, Beijing, December 19 (Reporter Yu Qiongyuan) In order to further standardize the management of VAT invoices, optimize tax services, and meet the needs of taxpayers' invoice use, the State Administration of Taxation recently issued an announcement to adjust the invoice code of the VAT ordinary invoice (folded ticket) from January 1, 2018 to 12 digits.
The picture shows Zhejiang VAT electronic ordinary invoice. (Photo provided by the State Taxation Bureau of Zhejiang Province) China News Service reporter Zhong Xin Photo
According to the relevant person in charge of the State Administration of Taxation, the types and usage of ordinary value-added tax invoices have increased in recent years, and 10 invoice codes are difficult to meet the needs of taxpayers. The invoice codes of the electronic VAT ordinary invoice and the VAT ordinary invoice (rolled notes) are both 12 digits. The State Administration of Taxation decided to adjust the invoice code of the ordinary invoice (folded notes) to 12 digits. In order to clarify the encoding rules for 12-digit invoice code of VAT ordinary invoice (folded ticket) and the use of VAT ordinary invoice (folded ticket) with the name of this unit, this announcement is issued.
According to the announcement, the invoice code of the VAT ordinary invoice (folded ticket) is adjusted to 12 digits. The coding rules: the first digit is 0, the 2-5th digit represents the province, autonomous region, municipality directly under the central government and municipality independently planned, the 6th-7th digit represents the year, the 8th-10th digit represents the batch, the 11-12th digit represents the type of ticket and the number of joints, among which 04 represents the second-party VAT ordinary invoice (folded ticket) and 05 represents the five-party VAT ordinary invoice (folded ticket).
VAT ordinary invoices (folded invoices) with invoice codes of 10 digits that the tax authorities have not used by taxpayers can continue to be used.
The person in charge said that in order to facilitate the use of taxpayers' invoices, the announcement clearly stated that taxpayers can use ordinary value-added tax invoices (folded invoices) printed with the name of this unit in accordance with the provisions of the "Invoice Management Measures of the People's Republic of China" and its implementation rules to issue them through the new VAT invoice management system.
