Page 63 - Doing Business in China

ACCOUNTING

Procedures to temporarily or permanently increase the special VAT invoice quantity

Temporary Increase
Step 1 Submit the application on the STA website�
Step 2 Obtain approval from the STA website within three to five working days�

Step 3 Go to the STA office to pick up the approved number of special VAT invoices�

Permanent Increase
Submit the application on the STA website� A temporary increase for three consecutive months is
Step 1
required before application for a permanent increase is allowed�
Step 2 Obtain approval from the STA website within three to five working days�

Step 3 Go to the STA office to pick up the approved number of special VAT invoices�

Ongoing special VAT invoice application
The company can apply for special VAT invoices during the month when they run out of it, subject to it being within
the upper limit allocated for each month�� After the month-end closing, the company can only apply for new special
VAT invoices after filing the previous month’s VAT return before the 15th day of the current month�

About Vicky Wei, Director, Accounting & Advisory
Vicky joined SBA Stone Forest in 2012 and leads the firm’s Accounting & Advisory
Services division� Her clients span various industries, including manufacturing, F&B, retail,
trading, and services� She assists Chinese enterprises in establishing a presence overseas
by helping them navigate foreign accounting policies and compliance requirements�

She is known for her expertise in designing customised financial management solutions
tailored to the specific needs of multinational corporations entering the Chinese market�

These include:
▪ Financial Shared Service Centre Setup and Operation

▪ Digital Transformation Solutions
▪ Cross-regional Financial System Deployment
▪ Resource Allocation through Business and Finance Solutions and Management Upgrades

Qualifications & Appointments
▪ Fellow, Association of Chartered Certified Accountants (FCCA)
▪ Fellow, CPA Australia (FCPA)
▪ Project Management Professional (PMP)

▪ Permanent Member, Shanghai Association of Accounting and Bookkeeping Services
▪ Disciplinary Committee Deputy Director, Shanghai Association of Accounting and Bookkeeping Services
▪ Member, Shanghai Chengdu Joint Evaluation Committee for SAAS Software in the Accounting Agency Industry

For enquiries on how we can assist you with accounting and advisory services in China, contact Vicky at
+86 21 6186 7618 or VickyWei@SBASF�com

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