Golden Tax System (GTS) Solution
GTS was developed by the China Tax Bureau to handle VAT registration and payment.
This package is designed for companies registered in China issuing VAT invoices (Fapiao) using the government-owned Golden Tax System.
Enterprises in China need to create VAT Fapiao in the GTS system for customers if they sell production goods to Chinese customers. VAT Fapiao must be managed by the Chinese tax bureau and registered in the GTS system. GTS has an interface for ERP systems. This system helps enterprises enter invoice data from SAP into GTS and send VAT Fapiao information back to SAP.
The delaware Golden Tax System solution package can support our clients in processing VAT invoices between SAP and China’s GTS system.