Circular on the Release of the Shanghai Futures Exchange Guidelines on Seller-to-Buyer VAT Invoicing

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Updated on 2026-10-29

Circular on the Release of the Shanghai Futures Exchange Guidelines on Seller-to-Buyer VAT Invoicing

In order to strengthen the administration of seller-to-buyer invoicing, the Shanghai Futures Exchange (the Exchange) has formulated the Shanghai Futures Exchange Guidelines on Seller-to-Buyer VAT Invoicing (the Guidelines), which are hereby released and shall take effect at the market close of January 15, 2027. The “Guidelines on Seller-to-Buyer VAT Invoicing for Cast Aluminum Alloy” (August 2025) are simultaneously repealed.

The Chinese version of the Guidelines is available on the official website of the Exchange and the English version is provided for reference only. In the event of any inconsistency between the English and Chinese versions, the Chinese version shall prevail.

Annex: Shanghai Futures Exchange Guidelines on Seller-to-Buyer VAT Invoicing

Shanghai Futures Exchange
October 29, 2026

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Updated on 2026-10-29

Circular on the Release of the Shanghai Futures Exchange Guidelines on Seller-to-Buyer VAT Invoicing