Editor's Note: The policy of "reverse invoicing" has been implemented for more than a year. According to the latest statistics of State Taxation Administration of The People's Republic of China, by the end of June this year, there were 13,300 resource recycling enterprises "reverse invoicing" to 1.67 million natural persons, with an invoicing amount of 515.2 billion yuan and 5.11 million copies. The policy of "reverse invoicing" provides a solution to the problem of missing the first invoice in the renewable resources industry. Before the introduction of "reverse invoicing", most resource recycling enterprises accounted for the income tax deduction with self-made vouchers. Recently, some local tax authorities require enterprises to adjust the tax payment for the self-made voucher business in the past, or require enterprises to adjust the income tax in full, or check it with the taxable income rate, and even characterize the invoices issued by enterprises as abnormal vouchers because they have not paid the income tax on the self-made vouchers, which has an impact on the input deduction of all downstream links. Based on the provisions of the tax law and the actual situation of the industry, this paper discusses the self-made vouchers of resource recycling enterprises before the implementation of "reverse invoicing" for readers' reference.

Editor's Note: Recently, the Ministry of Finance and the State Taxation Administration released the "Implementation Regulations of the Value-Added Tax Law (Draft for Comments)" and solicited public opinions. The formulation of the Implementation Regulations of the Value-Added Tax Law is of great significance to the new "Value-Added Tax Law" which will come into force on January 1, 2026, as it will establish a new, complementary and interconnected value-added tax system. The currently published Draft for Comments on the Implementation Regulations generally retains the existing specific value-added tax rules but also contains many important changes. This article will focus on analyzing these nine important changes in the Draft for Comments, aiming to help taxpayers understand the situation and impact of these policy adjustments and attach importance to value-added tax compliance.

Editor's Note: Against the backdrop of building a unified national market, policies like fiscal rebates have been explicitly prohibited and gradually phased out, impacting the online freight industry which relied on such policy benefits. Coupled with the introduction of internet platform information reporting requirements, platforms now face higher compliance costs to adapt. Additionally, specialized campaigns targeting "illegal fuel stations" have severely hit platforms relying on non-compliant fuel invoices for VAT input deductions. Many online freight platforms face existential challenges, with some raising commission rates to offset rising operational and tax compliance costs. Facing these changes, what key tax compliance points should online freight platforms prioritize? This article provides a brief discussion.

Editor's note: In practice, due to the inability of network anchors to issue invoices to network live streaming companies (MCN companies), some MCN companies use consumer recharge information on live streaming platforms to offset the corresponding tax burden costs. Obtain special VAT invoices for the sales of virtual goods and services from the live streaming platform for input deduction. This article will analyze the tax risks and legal responsibilities of MCN companies and live streaming platforms based on specific cases.

Editor's note: In practice, due to the inability of network anchors to issue invoices to network live streaming companies (MCN companies), some MCN companies use consumer recharge information on live streaming platforms to offset the corresponding tax burden costs. Obtain special VAT invoices for the sales of virtual goods and services from the live streaming platform for input deduction. This article will analyze the tax risks and legal responsibilities of MCN companies and live streaming platforms based on specific cases.

Editor's note: With the development of e-commerce, online sales and other business models are becoming increasingly mature. However, in practice, some e-commerce companies use various methods to conceal income or evade taxes through false invoicing. Based on this, this article will reveal the causes and manifestations of common tax risks in e-commerce enterprises, analyze relevant legal provisions, and provide corresponding suggestions for tax compliance for e-commerce enterprises.

Editor's note: The current Interim Regulations on Value-Added Tax do not explicitly stipulate the attribute of VAT as a tax excluded from the price, but relevant rules support the operation mode of such a tax. However, in some buyer's markets, the parties to a transaction may agree that the seller shall bear the VAT, that is, adjust the tax excluded from the price to a tax included in the price through the contract. China's VAT Law will come into effect on January 1, 2026, which clarifies the attribute of VAT as a tax excluded from the price in the form of law. After the implementation of the new law, whether the parties to a transaction can still adjust the tax excluded from the price to a tax included in the price through contractual agreements, what tax risks such agreements will bury, and how to timely adjust the provisions of contract clauses, these issues require market entities to pay attention.

Editor's note: the national unified market is an important pillar indispensable to the construction of the new development pattern of the double cycle, 2022 ‘the CPC Central Committee State Council on accelerating the construction of the national unified market of the opinion’ put forward to ‘accelerate the clean-up and abolition of various regulations and practices that impede the unified market and fair competition’, ‘improve the fair competition review system’. improve the fair competition review system". With the implementation of the ‘Fair Competition Review Regulations’ and its implementation rules, the financial incentives and subsidies given by local governments in the process of attracting investments in the past have faced questions about their legitimacy and have been gradually cleaned up. Some special industries rely heavily on such local policies, and once they lose the incentives and subsidies, they cannot operate. For example, some with social welfare nature of the business, such as the recycling of low-value resources, this is not profitable, without government subsidies, private enterprises will not participate. Another example is the network freight transport discussed in this paper, which has to rely on incentives and subsidies to survive because of the inherently heavy tax burden. With the abolition of local policies, the national unified market background of the network freight industry will go?