The final version of the 2022 Tax Revision Bill (approved in December of 2022) stipulates that as of 1 July 2023, if suppliers cannot issue invoices in specific scenarios, purchasers may issue VAT invoices for the supply of goods and/or services to deduct input VAT later.
The above applies exclusively to goods and services that hold VAT liability. Exempt supplies regarding VAT do not bear the same opportunity; therefore, a purchaser may not issue a VAT invoice for them. Subsequently, the …