The State Taxation Administration releases a positive and negative list of taxpayer compliance in issuing invoices.

Recently, in order to guide taxpayers to issue invoices in compliance and prevent problems such as “invoice-based economic activity,” false invoicing, and tax fraud, the State Taxation Administration, in combination with the carrying out of learning and education activities on establishing and practicing a correct view of performance, has released a positive and negative list of taxpayer-compliant invoice issuance. With clear, itemized guidance, it not only better safeguards taxpayers’ lawful rights and interests, but also helps curb and rectify “invoice-based economic activity” and tax-related irregularities in areas such as cyclic invoicing, mutual invoicing, and invoicing for inflated transactions, as well as violations involving tax-related investment promotion. This will support the building of a unified national market across the country. (People’s Financial News)