On January 24-25, the National Tax Work Conference was held in Beijing. Guided by Xi Jinping Thought on Socialism with Chinese Characteristics for a New Era, the conference further thoroughly implemented the spirit of the 20th National Congress of the Communist Party of China and the Second Plenary Session of the 20th Central Committee, earnestly implemented the arrangements of the Central Economic Work Conference, summarized the tax work of 2023, analyzed the current situation faced by the work, and deployed key work tasks for 2024. Hu Jinglin, Secretary of the Party Committee and Director of the State Taxation Administration, delivered the work report. The conference pointed out: continuously deepen tax collection and administration reform, steadily advance the promotion and application of fully digitalized e-invoices, expand the rollout of the nationwide unified new electronic tax bureau, deepen...
2024-02-23
Issuing fully digitalized e-invoices no longer requires tax-control equipment, greatly improving the convenience of enterprise invoicing and reducing invoice costs. With the widespread application of fully digitalized e-invoices, some enterprises also need to deregister tax-control equipment according to local tax bureau requirements. 01 Remote tax-control equipment deregistration operation guide Some provincial and municipal tax bureaus have launched a "remote deregistration function," making it convenient for eligible taxpayers who need to deregister equipment to complete tax-control equipment deregistration at home through prompts in the invoicing software. ▼ Remote tax-control equipment deregistration requires the following 6 conditions: Note! 1. The taxpayer status is "normal" 2. Not a refined oil production or distribution enterprise...
2024-02-22
With the advancement of China Golden Tax Phase IV, enterprises are gradually shifting from the original tax disk invoicing to fully digitalized e-invoicing. Fully digitalized e-invoicing requires logging in to the State Taxation Administration Electronic Tax Bureau platform to issue invoices, and no longer requires inserting a tax disk. If the invoicing operation steps are completed according to the electronic tax invoicing process, the entire process takes about a dozen steps to issue one invoice, resulting in low invoicing efficiency. Ling Shui Tong tax control interface system quickly imports the enterprise's integrated ERP system or other business systems and issues fully digitalized e-invoices in batches. The entire process requires only two simple steps. Step one: download the batch according to the window prompt...
2024-02-22
In May 2023, the Accounting Department of the Ministry of Finance issued the guide "Accounting Data Standards for Electronic Vouchers — Fully Digitalized Electronic Invoices (Trial Version)," clarifying the specific handling methods for the reimbursement, booking, and archiving of fully digitalized e-invoices. Key points of the notice: For the recipient obtaining fully digitalized e-invoices for reimbursement, booking, and archiving. First, the recipient may, in accordance with Articles 3 and 5 of the Notice, use only the XML file of the fully digitalized e-invoice containing a digital signature for reimbursement, booking, and archiving, and may no longer preserve it separately in paper form. Second, if the recipient needs to use the paper... of the PDF or OFD format file of the fully digitalized e-invoice
2024-02-21
Log in to the Electronic Tax Bureau and click [I Want to Handle Taxes] — [Tax Credit] — [Taxpayer Credit Query] to enter the module, where you can query and view evaluation result details by condition, or issue a tax credit rating certificate. The illustrated guide is as follows: 1. I Want to Handle Taxes — Tax Credit. 2. Tax Credit — Taxpayer Credit Query. 3. Enter the Tax Credit Status Information Query module, where you can query and view evaluation result details by condition, or issue a tax credit rating certificate. Source: Beijing Tax Beijing Kailing Technology Co., Ltd. — Enterprise Fin...
2024-02-20
In recent months, some tax bureaus may have required enterprises through various channels to complete the cancellation of tax control media as soon as possible and connect to fully digitalized e-invoices as early as possible. So how can enterprises quickly and smoothly connect to fully digitalized e-invoices? This has become the biggest problem enterprises need to solve in 2024. From the enterprise perspective, we have summarized important matters to note at the implementation and landing level of fully digitalized e-invoice construction projects. Enterprises that have not yet connected to fully digitalized e-invoices should save and learn from this ~ 01 For enterprises to launch fully digitalized e-invoices, speed is the only key. The biggest characteristic of implementing and landing a fully digitalized e-invoice project is "speed," mainly reflected in the following three aspects:...
2024-02-20
What is the invoicing quota? The invoice issuance amount quota includes three types: total issuance amount quota, initial issuance amount quota, and remaining available quota. The total issuance amount quota, also known as the total credit limit, refers to the upper limit of the total invoice issuance amount (excluding VAT) of a taxpayer within one calendar month; that is, the maximum amount of invoices that can be issued in one month, the total of all channels through which invoices can be issued. The initial issuance amount quota refers to the upper limit of the invoice issuance amount for the month granted to the taxpayer by the electronic invoice service platform when the pilot taxpayer first uses fully digitalized e-invoices; for newly established enterprises that only have the digital e-invoicing channel, ...
2024-02-19
The Leqi pilot continues to accelerate. Enterprises that meet the requirements should have already received the notice. As for the benefits of Leqi, why enterprises should launch Leqi, and what impact the launch will have on enterprises, these points need no further elaboration. What matters most to enterprises now is how to plan their upgrades well, complete platform connection and launch at the prescribed time, and let enterprises and the supply chain ecosystem fully enjoy the convenience of fully digitalized e-invoices and Leqi. Step 1: Sort out the enterprise's digital upgrade needs. For the country, developing comprehensive strength requires grasping the key opportunities of frontier technological revolution and industrial transformation, from macro to micro, controlling development...
2024-02-19
With the development of information technologies such as "big data, AI, mobile internet, cloud computing, IoT, and blockchain," traditional financial management is beginning to shift toward informatization and digitalization, and electronic invoices and electronic vouchers are gradually replacing traditional paper archive materials, prompting enterprises to transform and upgrade and gradually achieve paperless finance, helping reduce costs and increase efficiency. At the same time, under strong policy impetus, business-finance-tax digitalization and paperless operations have entered a new development window. In March 2020, the Ministry of Finance and the National Archives Administration jointly issued the "Notice on the Reimbursement, Accounting, and Archiving of Electronic Accounting Vouchers," explicitly stating that enterprises may use only electronic accounting vouchers for reimbursement, accounting, and archiving, without needing to print paper...
2024-02-18
Motor vehicle sales invoices and used car sales invoices, as relatively independent invoice types, previously required tax-control equipment for issuance. Starting from January 2024, the pilot scope for fully digitalized e-invoices for motor vehicles has been gradually expanded. During the pilot period, pilot taxpayers in pilot regions will issue paper invoices and fully digitalized e-invoices through the fully digitalized e-invoice platform, while other taxpayers will still issue paper invoices through the VAT invoice management system (the original information system). During the pilot period, paper invoices issued through the fully digitalized e-invoice platform and paper invoices issued through the original information system are both valid. When handling motor vehicle registration business, public security traffic management departments in various regions still review and retain paper invoices as required, and recognize...
2024-02-06
1. When issuing fully digitalized e-invoices on the electronic tax bureau, how to add payee and reviewer? Answer: Hello, for the VAT ordinary invoice and VAT special invoice issued in the electronic invoice service platform, the "payee" and "reviewer" are not required fields. If there is a need to fill in, the taxpayer can enter the "payee" and "reviewer" information in the "Remarks" column of the [Blue Invoice Issuance] function page. 2. When issuing fully digitalized e-invoices on the electronic tax bureau, how to assign codes on the immediate invoicing interface? Answer: ① Please click in sequence [I Want to Handle Taxes] — [Invoicing Business] — [Blue Invoice...
2024-02-02
As of now, all 36 provinces, regions, and municipalities nationwide (including separately listed cities) have achieved full coverage of the fully digitalized e-invoice pilot. But many accountants are very unfamiliar with fully digitalized invoicing: the invoicing interface is complex, it takes a long time to find how to issue one invoice, invoice volume is large and time is short, issuing them one by one is hectic, the accountant is outside while the customer urgently needs the invoice...... How to issue invoices quickly and improve work efficiency? Lingshuitong · Smart Invoice Service Platform supports issuing fully digitalized e-invoices on mobile and computer, one-click migration of historical tax control disk data to the new system, scan-code invoicing, batch invoicing, API invoicing, etc..... Multi-scenario invoicing solutions help you issue invoices easily~...
2024-02-02
With the accelerated expansion of the "fully digitalized e-invoice" pilot and the continued advancement of the electronic voucher pilot, small and medium-sized enterprises also need to consider how to better respond to compliance requirements under new trends and accelerate financial digital transformation. As the "last mile" of "business-invoice-finance-tax-archive," the traditional offline accounting archive management model has many problems: failure to archive electronic invoice electronic files does not comply with Article 4 of Cai Kuai [2020] No. 6, and will be handled and penalized in accordance with relevant laws and administrative regulations such as the Accounting Law of the People's Republic of China and the Archives Law of the People's Republic of China. Failure to value the long-term preservation of archives...
2024-02-01
I. FAQ on VAT deduction for passenger transport services 1. Our company is a general VAT taxpayer. For purchased passenger transport, what types of vouchers can be used for input VAT deduction? Answer: For domestic passenger transport services purchased by a general VAT taxpayer, vouchers that can be used for input VAT deduction include: special VAT invoices, electronic ordinary VAT invoices, air transport electronic ticket itineraries indicating passenger identity information, railway tickets, and other highway, waterway, etc. 2. Our company is a general VAT taxpayer. For air transport electronic ticket itineraries, railway tickets, etc. indicating passenger identity information obtained by employees on business trips,...
2024-02-01
State Taxation Administration Order No. 56, the "Decision of the State Taxation Administration on Amending the Implementation Rules for the Measures for the Administration of Invoices of the People's Republic of China," was deliberated and adopted at the 3rd bureau affairs meeting of the State Taxation Administration on December 29, 2023, and is hereby promulgated, effective from March 1, 2024. Director of the State Taxation Administration: Hu Jinglin, January 15, 2024. Decision of the State Taxation Administration on Amending the Implementation Rules for the Measures for the Administration of Invoices of the People's Republic of China. To safeguard the Measures for the Administration of Invoices of the People's Republic of China (hereinafter...
2024-01-31
Today we have compiled a nanny-level guide on how to handle receiving a "fully digitalized e-invoice." Quickly forward it to the finance colleagues around you~ 1. What does a "fully digitalized e-invoice" look like? Like traditional invoices, fully digitalized e-invoices are also divided into VAT special invoices and ordinary invoices, and their effect is the same as that of paper invoices. The invoice format is as follows: Among them, the 13 special business invoices include: rare earth electronic invoice, cigarette electronic invoice, construction service electronic invoice, passenger transport service electronic invoice, freight transport service electronic invoice, real estate sales electronic invoice, real estate operating lease...
2024-01-31
The "remarks column" of fully digitalized e-invoices is a rather troublesome issue for accountants. When designed, the remarks column was intended to let enterprises disclose more business information, give tax authorities more basis for judging enterprise economic matters, and help standardize the invoice market. However, because provisions on the "remarks column" are scattered across various regulations, different businesses have different requirements for the remarks column. For example, five specific types of business must fill in the remarks column as required; if not filled in as required, it constitutes falsely issuing a VAT invoice, and the invoice is not allowed for input VAT deduction or pre-tax deduction. Most industries have no requirements for remarks, so many accountants no longer fill them in...
2024-01-30
In enterprise contract management, contract revision and updating is a complex and important task. Due to adjustments in commercial terms or the results of negotiation between both parties, contract versions may change, but these changes may also lead to errors, inconsistencies, or omissions in the contract, thereby causing risks and trouble. To solve this problem, the Kailing contract OCR comparison function has emerged. It can quickly identify different versions of contracts and compare differences, so as to achieve the goal of zero-error handling of contract issues. Challenges of contract revision Contract revision is a complex and multi-layered task that requires a large amount of time...
2024-01-30
On December 29, 2023, Premier Li Qiang of the State Council presided over an executive meeting of the State Council, which deliberated and passed the "Implementing Regulations of the Archives Law of the People's Republic of China (Draft)." This newly revised "Implementing Regulations of the Archives Law of the People's Republic of China (Draft)" is also the first major revision since the comprehensive revision of the "Measures for the Implementation of the Archives Law of the People's Republic of China" in 2017. On January 4, 2024, China Archives News published the article "Using High-Quality Archives Work to Help High-Quality Economic and Social Development," emphasizing that in order to continuously expand the application scope of electronic invoices, the first priority is to continue advancing electronic invoice electronic...
2024-01-29
The keyword of "China Golden Tax Phase IV" is "fully digitalized e-invoice," and its philosophy is "governing taxation with data." Relying on internet and big data technologies, it achieves full-process, full-business, and full-chain management of taxpayers. Against this backdrop, enterprises must promptly verify invoices and preserve original invoice documents, which is not only a tax compliance requirement but also an important part of internal management. In invoice verification, the application of OCR recognition technology has become key to improving verification efficiency and accuracy. In the course of business operations, enterprises generate a large volume of invoices and documents, which are enormous in quantity and require substantial manpower to organize...
2024-01-29