Special VAT invoices are supervised by People's Republic of China (PRC) State Taxation Administration of The People's Republic of China and issued by general VAT taxpayers. It is a voucher for the buyer to pay VAT and deduct VAT input tax according to the relevant provisions of VAT. It is an important, decisive and legal special invoice in value-added tax calculation and management.
Original vouchers can be divided into self-made original vouchers and foreign original vouchers according to the sources obtained.
Self-made original vouchers are vouchers filled in by units or individuals when they handle business within units when economic business occurs within them.
Foreign original vouchers refer to the vouchers obtained from foreign units when doing economic business with foreign units.
The special VAT invoice has the following functions:
1. Special VAT invoice is a commercial voucher. Because the tax is deducted based on the invoice, the buyer has to pay the value-added tax to the seller, so it is also a tax payment certificate, which plays the role of legal proof of the seller's tax obligation and the buyer's input tax.
2. All links of a commodity from initial production to final consumption can be connected by special VAT invoices. According to the tax amount indicated on the special invoice, each link is taxed and deducted, so that the tax is passed from the previous business link to the next business link until the goods or services are provided to the final consumers. In this way, the sum of the tax payable indicated on the special VAT invoice issued by each link is the overall tax burden of the goods or services. Therefore, it embodies the characteristics of universal collection of value-added tax and fair tax burden
legal ground
Provisional Regulations of People's Republic of China (PRC) Municipality on Value-added Tax
Article 21 Where a taxpayer conducts taxable sales, it shall issue a special VAT invoice to the buyer who requests the special VAT invoice, and indicate the sales amount and output tax amount respectively on the special VAT invoice.
Under any of the following circumstances, a special VAT invoice shall not be issued:
(a) the buyer of taxable sales behavior is an individual consumer;
(2) The tax exemption clause applies to taxable sales.