Article 33 of the Notice of State Taxation Administration of The People's Republic of China City, People's Republic of China (PRC) on Implementing the Detailed Rules of the Measures for the Administration of Invoices in People's Republic of China (PRC) (Guo Shui Fa [1993] 157) stipulates that units and individuals who fill in invoices must issue invoices when business occurs to confirm business income. Invoicing is not allowed without business. Article 32 stipulates that invoices that do not meet the requirements are untrue invoices.
Article 11 of the Notice of State Taxation Administration of The People's Republic of China on Amending the Provisions on the Use of Special VAT Invoices (Guo Shui Fa [2006]156) stipulates that special VAT invoices shall be issued according to the following requirements:
(a) the project is complete and consistent with the actual transaction;
(two) the handwriting is clear, and no line pressing or mistakes are allowed;
(3) The invoice and deduction shall be affixed with the special financial seal or the special invoice seal;
(4) It shall be issued according to the time when the VAT obligation occurs. The buyer has the right to reject special invoices that do not meet the above requirements.
Therefore, no matter whether ordinary invoices or special invoices for value-added tax are issued, invoices with true contents and in line with actual transactions must be issued when business income is confirmed.
Extended data:
The recognition of income requires the professional judgment of accountants. When every income-related transaction or event occurs, it is necessary to identify whether the corresponding income items should be formally recorded in accounting, when they should be recorded and included in the statements, and whether the items recorded or included in the statements meet the four basic standards (definable, measurable, relevant and reliable).
In addition, we should also consider whether the income matches its related costs and expenses, whether the income is greater than the cost, and whether the income items that should be recorded and included in the report conform to the principle of materiality.
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