While some would argue that office supplies taste better than moon cakes or that moon cakes would better serve as office supplies than food, they’ve never been totally interchangeable until now. Beijing Shopping Malls are reportedly allowing customers to select office supply invoices when purchasing moon cakes in order to avoid being taxed by their employers, CRI reports.
Similar to the situation in the North Start Shopping Center, customers in the Lotus Shopping Center in the Beiyuan distinct of Beijing can also receive an office supplies invoice when purchasing moon cakes. “We can provide you with extra invoices if you buy a large amount of moon cakes,” said one staff member at the Lotus Shopping Center.
Invoices for moon cakes are being issued as invoices for office supplies, labor protection appliances and gifs. For instance, the nvoice provided to those who purchase moon cakes can be issued as invoices covering the cost of a dozen printers, according to a member of staff from a moon cake shop.
The cost of food or items such as moon cakes recorded by a company can only be recorded in that company’s balance sheet as employee benefits, which belongs to the income of the company. However, if companies ask for invoices which cover the cost of office supplies, the cost will be presented on the company’s balance sheet as expenditure. This will reduce the amount of income tax that the company has to pay according to an officer from the national taxation bureau in Beijing.
How many corrupt officials are taking advantage of this offer to get around recent limits on gift-giving do you think?
So Beijingers, with the Mid-Autumn Festival fast-approaching make sure to stock up on plenty of “Swingline staplers,” “laser printers,” and “paper shredders.”
[Image credit: @winlati]