Group 1 - The "reverse invoicing" policy implemented in China benefits the resource recovery industry by facilitating tax refunds and reducing tax burdens for businesses [1][2] - As of the tax settlement period in 2025, over 170,000 taxpayers have received timely tax refunds, and more than 30,000 individuals have completed tax payment guidance [1] - The policy allows resource recovery enterprises to issue invoices to individuals selling scrapped products, which helps them deduct VAT input tax and recognize costs for corporate income tax [1][2] Group 2 - Companies like Nine Dragons Paper (Quanzhou) Co., Ltd. are among the first beneficiaries of the "reverse invoicing" policy, improving invoicing efficiency and resolving previous challenges related to invoicing [1] - The policy also lowers tax risks for resource recovery companies, enabling them to successfully deduct VAT input tax and account for costs before tax [2] - The "reverse invoicing" mechanism promotes compliance and protects taxpayer rights, contributing to high-quality development by reinvesting funds into production [2]
“反向开票”助力中国资源回收业