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China

September 20, 2023

Type of Compliance: Clearance
Document Storage Requirement: 10 years

China’s State Taxation Administration (‘STA’) introduced the special e-fapiao e-invoice system in 2020 and has been expanding the mandate regionally with the most recent expansion in January 2023. The mandate applies to businesses with a turnover above RMB 5 million per annum. Invoices contain a digital signature and QR Code.

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