Validity of official VAT invoices of businesses that have disappeared

Under an official letter issued on June 6 by the General Department of Taxation, businesses can be deducted value added tax and calculate spending on goods of entities that have subsequently disappeared as tax deductible expenses provided the official VAT purchase invoice (checked by tax agencies) was made prior to the date that tax agencies announced the entity had disappeared. And, businesses buying the goods have stored goods in accordance with the invoices.
[Official Letter 1709 TCT/PCCS dated June 6, 2005]

 

Category: Legal