How should eligible resource recycling enterprises apply for "reverse invoicing"?

The State Taxation Administration recently issued the Announcement on Matters Concerning "Reverse Invoicing" by Resource Recycling Enterprises to Individual Sellers of Scrap Products (Announcement No. 5 of 2024 of the State Taxation Administration), clarifying that from April 29, 2024, when individual sellers of scrap products sell scrap products to resource recycling enterprises, eligible resource recycling enterprises may issue invoices to the sellers (referred to as "reverse invoicing"), adding impetus, improving efficiency and optimizing the environment for promoting large-scale equipment renewal and trade-in of consumer goods.

How should eligible resource recycling enterprises apply for "reverse invoicing"? Let's learn about it together↓

Q: How should eligible resource recycling enterprises apply for "reverse invoicing"?

Answer: If a resource recycling enterprise needs "reverse invoicing", it shall submit the <Resource Recycling Enterprise "Reverse Invoicing" Application Form> to the competent tax authority. The application form contents include: the "reverse invoicing" application time, the category of scrapped products recycled, and the applicable VAT calculation method for selling scrapped products, etc. At the same time, it shall provide a hazardous waste business license or a qualification recognition certificate for scrapped motor vehicle recycling and dismantling enterprises or a registration certificate for renewable resource recycling operators from the commerce department.

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