Circular of the State Administration of Taxation on Several Issues concerning Improving the Imposition and Administration of Value-Added Tax

Circular of the State Administration of Taxation on Several Issues concerning Improving the Imposition and Administration of Value-Added Tax
Circular of the State Administration of Taxation on Several Issues concerning Improving the Imposition and Administration of Value-Added Tax

Guo Shui Fa [1995] No.192

October 18, 1995

The state taxation bureaus of the provinces, autonomous regions, municipalities directly under the jurisdiction of the central government and the cities specifically designated in the state plan,

In order to secure the smooth taxation of VAT, a national conference for the exchange of experience regarding administration over VAT was held. We hereby present the following notification regarding the relevant matters concerning improving the imposition and administration of value-added tax:

I. Deduction of input tax for VAT general taxpayers
1. Deduction of input tax levied on freight
(1) Type of freight invoices to be used as vouchers for the deduction of input tax: According to the relevant rules, the freight vouchers (general invoices) obtained by the VAT general taxpayers for the purchase and sale of goods (excluding fixed assets) to be used as vouchers for the deduction of input tax must be freight invoices issued by state-owned railway companies, civil aviation companies, highway and water transportation companies or those issued by non-state-owned transport companies, all of which are marked with the national invoice seal.
  ......
Please consent to the LexisNexis Terms and Conditions and Privacy Policy.