Provisions of tax law on invoices

China's tax law stipulates that taxpayers should issue invoices when selling goods or providing taxable services. Invoice is an important basis for taxpayers to keep accounts, declare taxes and enjoy tax reduction and exemption.

In China, invoices are important financial records and vouchers, and their issuance involves many tax policies and regulations. According to the Provisional Regulations of People's Republic of China (PRC) on Value-added Tax, taxpayers should issue invoices when selling goods or providing taxable services. The contents of the invoice shall include the purchase date, name, quantity, amount, tax amount and other information, and conform to the relevant formats and regulations. In addition, each invoice must have a unique number for taxpayers to manage and inquire. Taxpayers should file the original invoices as an important basis for future bookkeeping, tax filing, tax reduction and deduction. It is worth noting that taxpayers who fail to issue invoices, falsely issue invoices or provide forged invoices will be punished accordingly and sanctioned by law. At the same time, if the purchased goods or services are not invoiced, the corresponding tax relief cannot be obtained, which will cause certain economic losses to taxpayers.

Under what circumstances can taxpayers not issue invoices? According to the provisions of China's tax law, taxpayers should generally issue invoices when selling goods or providing taxable services. However, in some special circumstances, taxpayers may not issue invoices, such as selling property to individuals and recovering debts. In addition, according to the adjustment of tax policy, the tax authorities will also implement a small-scale taxpayer invoice-free policy for some enterprises, and even if they do not issue invoices, they can enjoy relevant tax relief.

In our country, the tax law stipulates that taxpayers must issue invoices for bookkeeping, tax filing, tax reduction and deduction in the future. Taxpayers should strictly abide by the relevant regulations, issue invoices truthfully, protect their legitimate rights and interests, and make contributions to the national tax order and financial health.

Legal basis:

"Provisional Regulations on Value-added Tax in People's Republic of China (PRC)" Article 23 Taxpayers selling goods or providing taxable services shall issue invoices; Taxpayers shall obtain invoices when purchasing goods or accepting taxable services and services. Taxpayers shall issue and obtain invoices in accordance with the format and requirements prescribed by the tax authorities.