Can I issue an invoice before the light cycle oil is taxed?

Yes

According to China's accounting regulations, invoices can be issued before light cycle oil is taxed. In order to do a good job in the supervision of light circulating oil and other commodities, special VAT invoices for light circulating oil and other commodities can be issued normally from April 1 day, 2023, without being limited by the prescribed time limit for issuing red-ink invoices.

It is a common practice to levy fuel tax on light cycle oil to adjust fuel consumption and environmental protection policy. If a country or region has implemented a tax policy on light cycle oil, the trading, sale and purchase of the oil may be subject to tax laws and regulations.

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