What conditions should resource recycling enterprises implementing "reverse invoicing" meet?

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.

What conditions should resource recycling enterprises implementing "reverse invoicing" meet? Let's find out together↓　

Q: What conditions must resource recycling enterprises implementing "reverse invoicing" meet?　

Answer:Resource recycling enterprises implementing "reverse invoicing" shall meet one of the following three conditions and actually engage in resource recycling business:

(1) Those engaged in hazardous waste collection shall meet the requirements of the national measures for the administration of hazardous waste operation licenses and obtain a hazardous waste operation license;

(2) Those engaged in the recycling of end-of-life motor vehicles shall meet the requirements of the Measures for the Administration of the Recycling of End-of-Life Motor Vehicles issued by the national competent commerce department, and obtain the qualification recognition certificate for end-of-life motor vehicle recycling and dismantling enterprises;

(3) Except for hazardous waste and end-of-life motor vehicles, other resource recycling enterprises shall comply with the requirements of the renewable resource recycling management measures issued by the national competent commerce department, register as business entities, and complete the filing of renewable resource recycling operators with the commerce department.

In addition, resource recycling enterprises that implement "reverse invoicing" include entities and individual industrial and commercial households. That is, individual industrial and commercial households engaged in resource recycling business that meet the above conditions can also apply for "reverse invoicing."

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