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ACCOUNTING

Permanent upgrading
Certain conditions need to be met for each level of permanent upgrading of the special VAT invoice upper limit
amount as shown below�

Version Conditions
The amount of each contract or sales revenue is consistently above RMB10,000 for two consecutive
100K months� In addition, the accumulated revenue is more than the monthly revenue by 25%, and the monthly
revenue is over RMB 300,000�

The company’s registered capital is over RMB 500,000 and sales revenue is consistently above RMB
100,000 per transaction for three consecutive months� In addition, the accumulated revenue is more than
1M
the monthly revenue by 30%, and the monthly revenue is over RMB4 million� The company should also have
paid VAT and been rated A/B class for tax credit�
The company’s registered capital is over RMB 5 million and sales revenue is consistently above RMB 1
million per transaction for three consecutive months� In addition, the accumulated revenue is more than the
10M
monthly revenue by 40%, and the monthly revenue is over RMB 50 million� The company should also have
paid VAT and been rated A/B class for tax credit�

The company’s registered capital is over RMB 50 million and sales revenue is consistently above RMB 10
million per transaction for three consecutive months� In addition, the accumulated revenue is more than the
100M
monthly revenue by 40%, and the monthly revenue is over RMB 500 million� The company should also have
paid VAT and been rated A/B class for tax credit�

Procedures to temporarily or permanently upgrade special VAT invoice version

For 100K & 1M Upgrading
Step 1 Submit the application on the STA website�

The company will obtain approval from the STA within three to five working days� If the upgrade
Step 2 is recognised as temporary, the upgraded limit is effective for three months� If the upgrade is
recognised as permanent, there is no time limit�
Step 3 Upgrade the golden tax disk after obtaining approval through the STA website�

For 10M & 100M Upgrading

Manually submit the required application documents for STA’s review, including a statement of
Step 1
application, sales contract and other documents�
Obtain STA’s confirmation of the document review within 10 working days� (STA may require an
Step 2
interview with legal representatives)�
Submit the application on STA’s website for approval� If the upgrade is recognised as temporary, the
Step 3 upgraded limit is effective for three months� If the upgrade is recognised as permanent, there is no
time limit�
Step 4 Upgrade the golden tax disk after obtaining approval through the STA website�

Doing Business in China 2023 | 61