Meaning
Mandatory administrative check performed to ensure that business-to-business tax receipts are genuine and correctly recorded in the central tax database. Strict special VAT invoice verification identifies instances of counterfeit tax documents and prevents unauthorized deductions from national revenues. This protocol links every corporate claim for credit directly back to a validated sale recorded by another taxpayer.
Document Genuineness
Checks focus on the unique encryption codes and machine numbers found on each slip. During special VAT invoice verification, companies input the receipt sequence into the Golden Tax System for instant matching. (Receipts that fail this stage are rejected, and the associated tax credit is immediately frozen until a full review is completed).
System Match
Data must align perfectly between the buying and selling entities. Under the rules of special VAT invoice verification, a mismatch in the reported purchase price or date indicates a potential error in reporting. This automated detection lowers the burden on manual auditors by isolating high-risk transactions for special scrutiny.
Credit Claim
Approval is the prerequisite for any reduction in the output tax payable at the end of the month. Regular special VAT invoice verification builds confidence among financial teams that their filings are accurate. Failure to complete this task leads to high-cost audits and potentially severe administrative penalties for tax evasion.
