Uniform Invoice for Receipt of Payment under Custody

If a business entity receives payment under custody with buyer on the receipt being the name of consigner, the receipt shall be forwarded to the consigner without issuing any uniform invoice. If a business entity receives the receipt with buyer name being consignee instead of consigner, uniform invoice must be issued to the consigner.

According to Value-Added and Non-Value-Added Business Tax Act, if the sales amount is not reported or under-reported, the taxpayer shall be pursued for payment of taxes and be fined from one to ten times of the amount of tax evaded. In addition, his business may be suspended.