Author: Kanishka Chhabria
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China’s recycling sector awaits clarity on new ‘reverse invoice’ scheme
The ‘reverse charge’ invoicing system between China’s recycling enterprises, including ferrous scrap processors, and small-scale sellers of waste materials should be fully implemented by the end of this month, the State Administration of Taxation announced at an industry symposium it held on April 9. Under the reverse charge invoicing mode, recycling enterprises will issue invoices…