is coming to the end of the year. What are the new regulations on VAT invoices in 2018? Do you know?
1. Adjust the invoice code of VAT (folded ticket)
Electronic ordinary invoice was 12 digits when it was implemented nationwide on January 1, 2016. The original code of VAT ordinary invoice (folded ticket) was 10 digits, and it was adjusted to 12 digits from January 1, 2018. encoding rules are as follows:
The first digit is 0, the 2nd-5th digit represents provinces, autonomous regions, municipalities directly under the central government and municipalities with independent planning status, 6th-7th digit represents the year, 8th-10th digit represents the batch, 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), 05 represents the five VAT ordinary invoice (folded ticket), 11 represents the electronic VAT ordinary invoice, and 17 represents the unified invoice for second-hand car sales.
The VAT ordinary invoice (folded invoice) printed with the name of this unit is consistent with the VAT ordinary invoice (folded invoice) uniformly printed by the tax authorities, and the special stamp for enterprise invoices is printed. The 8th to 10th digits of the invoice code still represent the batch and are uniformly compiled by the provincial and national tax authorities within 501-999.
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. That is to say, for a period of time starting in 2018, we can continue to receive ordinary invoices with invoice codes of 10 digits.
2. Promote the tax classification of goods and services code abbreviation
Starting from January 1, 2018, when taxpayers issue value-added tax invoices through the new VAT invoice management system (including: VAT special invoice , VAT ordinary invoice, VAT electronic ordinary invoice), the abbreviation corresponding to the tax classification code of goods and services will be automatically displayed and printed in the "Good or Taxable Services, Service Name" or "Item" column on the invoice invoice. For example: "Real estate operation and leasing" is abbreviated as "operation leasing", "real estate development residential" is abbreviated as "real estate", "real estate development commercial housing" is also abbreviated as "real estate", "engineering services" and "installation services" are all "construction services", "projects with issues, books, newspapers, and journals" are abbreviated as "prints".
automatically displays the abbreviation to avoid the invoice issuing incorrect invoices to avoid the invoice issuing incorrect invoices, such as: taxpayers sell gold necklace , the product name entered when issuing the VAT invoice is "Gold Necklace", and the tax classification code for the selected goods and services is "Gold and Silver Jewelry". The corresponding code for this classification is called "jewelry", and the "*jewelry*gold necklace" will be displayed and printed on the VAT invoice. If the taxpayer mistakenly chooses other classification codes, an obvious error similar to "*steel*gold necklace" or "*electronic computer*gold necklace" will appear on the invoice.
3. Small-scale taxpayers Industry in which they can issue special VAT invoices by themselves
Since August 1, 2016, the State Administration of Taxation has successively carried out pilot work on small-scale taxpayers to issue special VAT invoices by themselves. At present, the pilot work has covered three industries, including accommodation, forensic consulting, and construction. From February 1, 2018, small-scale VAT taxpayers in the industry and information transmission, software and information technology services will be included in the pilot scope of issuing special VAT invoices for self-issuing. Pilot taxpayers can choose to issue a special value-added tax invoice on their own or apply to the state tax authority for issuance on their behalf. Small-scale VAT taxpayers who have chosen to issue special VAT invoices themselves will no longer issue them on their behalf.
So far, small-scale taxpayers in five industries have been able to issue special value-added tax invoices on their own.
4. Include the unified invoice for second-hand car sales in the new VAT invoice management system
Starting from April 1, 2018, second-hand car trading markets, used car distribution companies, brokerage agencies and auction companies shall issue unified invoices for second-hand car sales through the new VAT invoice management system. The "Total Car Price" column of the used car sales uniform invoice only indicates the vehicle price. Other fees charged during the transfer procedures shall be issued separately.
The unified invoice for used car sales issued by the new VAT invoice management system is consistent with the current unified invoice for used car sales. The invoice code coding rules are adjusted to: the first digit is 0, the 2nd-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, and the 11th-12th digit is 17. The invoice number is 8 digits and is prepared in batches.
Units and individuals can log in to the national VAT invoice inspection platform (https://inv-veri.chinatax.gov.cn) to check the unified invoice information for used car sales issued by the new VAT invoice management system. The new regulations on the use of invoices above
are different. There are January 1, 2018, February 1, and April 1. Please pay attention to the starting time!
Financial and taxation expert profile: Wang Lina, female, Chinese certified public accountant, Chinese registered first-class tax accountant. He has been engaged in finance and tax work for more than 20 years. He has been engaged in accounting for foreign-invested enterprises for many years. He has more than ten years of experience in tax auditing and tax planning. He also provides services such as company acquisition and asset restructuring for many companies. He has served as a financial and tax consultant for large enterprises for many years. He provides management consulting, tax planning, tax knowledge training and other services to customers. He has accumulated many years of theoretical and practical experience in corporate management, capital operation and tax risk control.
