What are VAT-related options?

In China, any business unit that issues VAT invoices is defined as a legal entity. This legal entity has one legal reporting unit. And this legal reporting unit is assigned a unique tax registration number.

You define VAT-related options for each legal entity and each legal reporting unit. VAT-related options include:

• Maximum invoice amount and maximum number of lines for each invoice type.

• Tax types for VAT invoices.

• Attributes for item classification.