Understanding the Beijing Statement of Value Added Tax Payable Report

The Beijing Statement of Value Added Tax Payable report (R75C1000) generates a balance sheet that companies doing business in Beijing, China, are required to give to the local authorities each accounting period. The report includes data about value-added tax (VAT) payable on sales and purchases, and VAT that has been paid on sales and purchases.

You complete the Category Code (21–43) processing option with the system 09 account category code to which you copied the values from the BJ-01 Statement of Tax Payable UDC table (75C/B1).

The maximum length of the description column is 85 characters. The system truncates longer descriptions.