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Corporate Service - China

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Q&A Regarding How to Adjust the Total Amount of Digital Electronic Invoices

Answer
Q: How to adjust the total amount of digital invoices?
A: There are four ways to dynamically determine the total invoice amount:
  1. Adjustment at beginning of month
  2. Temporary Adjustment
  3. Regular adjustment
  4. Manual adjustment.

Q: What is the adjustment of invoice amount quota at the beginning of the month?
A: The adjustment of invoice amount quota at the beginning of the month refers to the automatic adjustment of the total invoice amount of taxpayers by the information system at the beginning of each month.

Q: What is a temporary adjustment of the invoice amount quota?
A: Temporary adjustment of invoice amount quota refers to the automatic adjustment of the total invoice amount for taxpayers with good tax credit when the invoice amount issued in the current month reaches a certain proportion of the total invoice amount for the first time.

Q: What is the regular adjustment of invoice amount quota?
A: Regular adjustment of invoice amount quota refers to the automatic adjustment of the total invoice amount of taxpayers in the current month by the information system. 

Q: What is manual invoice amount quota adjustment?
A: Manual adjustment of invoice amount quota refers to the adjustment of the total invoice amount applied by taxpayers due to changes in actual business conditions. If the competent tax authority confirms that no abnormalities have been found, the total invoice amount will be adjusted for taxpayers.

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