Posts Tagged ‘VAT’

Fapiao delivered to your door

Tuesday, November 27th, 2007

Great news from the tax bureau. They’ve started a Fapiao delivery service!

For the uniniated, a Fapiao is a value added tax (VAT) receipt. In China, to ensure VAT is paid by vendors, all receipts for payments must  be issued on a pre-printed receipt issued by the tax authorities. As individuals, landlords have had to trek over and queue at the tax bureau to pay 5% of the rent to get the monthly Fapiao required by the tenant. Now, landlords can just fax the necessary application documents to the bureau. Payment is on delivery. A fantastic service!