Uniform Invoice for Goods/Services Transfer

If a head company or the branch company purchases goods or services in the name of seller and transfer to other subsidiaries for using or selling, such action must be regarded as sales of goods or services in case the head company and the branch company file business income tax separately. Uniform invoice shall be issued for filing tax return. Otherwise, penalty shall be levied by tax authority. 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.