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How Should Companies Prepare for the Special VAT E-Fapiao? With the implementation of special VAT e-fapiao becoming more prevalent through 2021, it has been a top priority for CFOs and finance managers with responsibility for China operations to prepare for e-fapiao’s impacts on their existing procedures and systems as well as to comprehend the benefits rooted in the digitalization management of VAT invoice. In this article, we offer some tips from a practical perspective. Figuring out the compliance requirements Before developing any new accounting and financial processes and building sophisticated automation solutions, the first thing the CFO should do to...
