Do foreigners say FOB Yongkang need to issue a VAT invoice?

Foreign trade companies must obtain VAT invoices from the factories that supply them, and only with the invoices can they declare export tax rebates to the tax authorities. Without the factory invoice, you can't get the tax refund.

Value-added tax is a turnover tax levied on the basis of the value-added generated in the process of commodity circulation, which is levied by the State Taxation Bureau. Fifty percent of the tax revenue comes from the central government and fifty percent from local governments.