you get aFapiao (发票).However, it’s not only a receipt as it serves a greater purpose. So, what is a Fapiao and will you get one from paying tuition fees for Chinese universities?
The most striking example is on China's system of legal receipts, "Fapiao", which requires the code to be displayed along with the official company name. Other examples we have seen include some Chinese ISO9001 certificates and on newer versions of the Chinese Foreign Trade Registration Certifica...
E-commerce platforms require an official VAT invoice (fapiao) to be able to pay you. And to get that, your brand needs to have a legal entity in China. If not, you might need to find a trading company, which could be costly and sometimes risky if you do not have any connections in...
Either way, an officialfapiao, or official statement of payment including tax record, is needed in order to put the costs under the company. That makes it almost impossible to buy an international plan and get reimbursed from your company in China. Private Insurance What is private insurance?
which industry accounted for the company’s highest proportion of its total VAT sales in the previous fiscal year. The industry is determined as per the definition in theIndustrial Classification for National Economic Activities(PDF)(link in Chinese).This requirement is effective as of June 7, ...
If expatriate business owners or managers are asked what is the most troublesome stuff that brings confusions and difficulties in China, 1 out of 4 persons would probably tell it is ‘fapiao’. Simply speaking, fapiao is actually a mechanism capitalized on by Chinese government to capture, track...
Extracting new Chinese electronic invoice forms. Benefits include: Extract the fully digitalized e-fapiao and the e-fapiao new type of invoice Recognize general and special Value Added Tax (VAT) forms Read, use and transfer the content of QR codes ...
While having a contract chop is not a statutory requirement, this chop can serve in place of the company chop when used for contracts. The contract chop grants less authority than the company chop, making it useful for delegating authority. Invoice (fapiao) chop The invoice chop is mandatory ...
The nationwide system to share tax information across jurisdictions is called the Golden Tax System, and there have been several iterations of it since its initial introduction in the 1990s. It first focused on valued added tax and the authentication of fapiaos (itself a fascinating and confusing...
The e-fapiao is a fully digital invoice legally recognised under China’s Regulations on Invoice Administration. They exist only in digital form and are issued as single-copy documents. Each e-fapiao includes a unique 20-digit identifier containing the calendar year, regional tax authority code, ...