Notice of Shenzhen Local Tax Bureau Regarding the Adoption of New Version of Fapiao
The State Administration of Taxation issued the 「Notice of the State Administration of Taxation Regarding the Distribution of the Implementation Measures for the Simplification of Types of Fapiao and Unification of the Content and Format of Fapiao」[ Guoshuifa 142, 2009] on 30 September 2009 in which the SAT requested all local tax bureaus to take necessary measures to simplify the types of Fapiao and unify the content and format of Fapiao in order to streamline the administration of tax collection.
Following the Notice from the SAT, the Local Tax Bureau of the Shenzhen Municipal Government issued a notice on 7 September 2010 announced that several new types of Fapiao with unified content and format would be adopted and put into use starting from 10 September 2010 and that certain types of Fapiao would be cancelled concurrently. With the use of new Fapiaos, those old Fapiaos could only be used until 31 December 2010 and after that all remaining Fapiaos will become invalid. All enterprises are then required to cancel all their existing old Fapiaos on or before 31 January 2011.
In accordance with the notice issued by the Shenzhen Local Tax Bureau, any enterprise which continue to use the existing old Fapiaos after 31 December 2010 or does not cancel the existing old Fapiaos with the competent tax bureaus on or before 31 January 2011 will be subject to a fine of up to RMB10,000.
Except those enterprises which use Fapiaos with fixed tax amount, the new Fapiaos should be prepared and issued and print with a computer. For the convenience of taxpayers, the Shenzhen Local Tax Bureau has developed a software for this purpose and that software, which could be download from the homepage of the Shenzhen Local Tax Bureau, will be given to all enterprises free of charge. The software comes with functions like Fapiao preparation, Fapiao management and printing forms for purchase and verification and cancellation.
The Shenzhen Local Tax Bureau has produced a demo illustrating the use of computerised Fapiao issue and print procedures. Interested parties could click on the following hyperlink listed to watch the demo:
http://www.szds.gov.cn/portal/site/site/portal/szds/second.jsp%5BcategoryId=3067%5D%5BsiteName=szds%5D%5BcategoryCode=001004010005%5D
It is, however, noted that the measures stated above apply only to those Fapiaos which are purchased from the Shenzhen Local Tax Bureau. The measures do not affect those Fapiaos the use of which is regulated by the State Administration of Taxation.
If your company will be affected by the new measures, we strongly suggest that you should purchase a printer for the purpose of issuing and printing the new Fapiaos and make sure to arrange to have any remaining old Fapiaos cancelled by the local tax bureau before the deadline, so as to avoid any loss resulting from not being able to issue Fapiao or penalty resulting from failure of cancelling the Fapiao before the deadline.
Should you have any questions regarding above need any assistance, please feel free to contact our professional consultants.
Enclosures
1. Notice of the Shenzhen Local Tax Bureau Regarding the Adoption of New Fapiaos
2. Comparison of Existing and New Fapiao System
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