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China’s Fapiao system is a complicated one that can be confusing for foreigners running a business. But in an effort to minimize your liability as much as possible, and to guarantee that you’re meeting any and all compliance requirements, it is in your own best interest to understand the VAT Fapiao system and how it relates to your company. From the operational perspective, you have two options when invoicing in China. The first is issuing the VAT invoice immediately to your Chinese customer instead of issuing a debit note or an Excel invoice. This is crucial because the moment the invoice is issued, it goes into the tax software system and regardless if your customer has paid or not, you are liable to pay VAT. In this webinar, we will provide you with an understanding of the China VAT Tax system, the Invoice Fapiao System and the operational aspects surrounding VAT within your company. #doingbusinessinchina #vat #tax