First Case of "Approval Precedes Checking" for Invoice Amount Increment Implemented

Recently, Qingdao Youzhu Information Technology Co., Ltd. and Qingdao Youzhu Smart Home Co., Ltd. respectively applied for a million-yuan invoice amount increment of VAT special invoice to the tax department of Jiaozhou. Upon receiving the applications, Jiaozhou Tax Service approved online immediately, so that the companies received the million-yuan invoice on that very day.

It was introduced that, upon receiving the companies' application for a million-yuan and above VAT special invoice increment, the tax department should check on-site before approving. To better serve the SCODA's development, Qingdao Tax Service issued The Implementation Opinions on Serving China-SCO Local Economic and Trade Cooperation Demonstration Area. The Opinions include 18 specific measures, among which is the "Approval Precedes Checking" for Invoice Amount Increment.

According to The Opinions, in accordance with the State Taxation Administration's regulations, to better serve the listed companies, central enterprises, SOEs, multinational companies, and the major companies the SCODA aiming to attract, the tax departments would approve the companies' applications for the million-yuan and above VAT special invoice increment ahead and conduct on-site inspection afterward in combination with everyday management. This process of reengineering and institutional innovation greatly increased the convenience for the companies in taxation procedures.