Education
The Chinese tax authorities have launched the e-special VAT invoice pilot program on all newly registered VAT payers in China. While the timeline for rolling out this pilot to the existing enterprises is yet to be seen, it is generally expected that this pilot may be rolled out in phases in 2021. The implementation of e-special VAT invoice would bring significant impact on the operations of VAT special invoices in terms of issuance, usage, management, and archiving. This would affect all taxpayers in all industries in China. (Live presentation was aired on 8 April 2021)