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Insights (Page 79) - Kailing Technology business-finance-tax knowledge base
INSIGHTS · Insights

Insights

Business-Finance-Tax Digitalization Trends and Practices · Original content by Kailing Technology, focusing on frontline implementation experience in the industry.

Since 2021, the State Taxation Administration began piloting fully digitalized electronic invoices (i.e., "fully digitalized e-invoices") in Inner Mongolia, Shanghai, and Guangzhou. As of November 2023, after two years of promotion, they have expanded from the initial pilot to large-scale nationwide promotion. Due to their convenience and efficiency, they have become increasingly popular among taxpayers. Recently, Beijing, Guizhou, Shandong, Hunan, and Ningxia have also successively issued notices on launching fully digitalized e-invoice pilots. According to relevant announcements, starting November 1, these five regions will officially implement the "fully digitalized e-invoice" issuance pilot...
Since early 2021, "fully digitalized e-invoices" emerged! Starting with pilots in 5 cities including Chongqing, Nanjing, and Hangzhou, e-invoices entered the public eye. Then on March 29 this year, the Guangdong Provincial Tax Service of the State Taxation Administration issued a document clarifying matters related to further carrying out pilot work on fully digitalized e-invoices. The arrival of fully digitalized invoicing is both an opportunity and a challenge for our enterprises! Here we have summarized the key points, so take notes! 01 What is a fully digitalized e-invoice? A fully digitalized e-invoice, whose full name is a fully digitalized electronic invoice, abbreviated as "fully digitalized e-invoice," is not the previous VAT electronic...
After logging into the electronic invoice service platform, the taxpayer can carry out a series of operations such as invoice issuance, delivery, verification, and purpose selection, enjoying "one-stop" services, and no longer needs to log into multiple platforms to complete related operations as before. Second, release electronic invoice data specifications and interface standards, open the electronic invoice service platform interface scheme, and encourage larger enterprises with a higher degree of informatization to transform financial software such as ERP for direct connection, realizing integrated operations of invoice reimbursement, booking, and archiving.
On November 30, 2021, the Shanghai Municipal Tax Service, Guangdong Provincial Tax Service, and Inner Mongolia Autonomous Region Tax Service successively issued the "Announcement on Carrying Out the Pilot Work of Fully Digitalized Electronic Invoices" (hereinafter referred to as the "Announcement"), clarifying that starting from December 1, relying on the nationwide unified electronic invoice service platform, the pilot of fully digitalized electronic invoices (hereinafter referred to as "fully digitalized e-invoices") would be carried out, providing taxpayers with 24-hour online free services such as issuance, delivery, and verification of fully digitalized e-invoices, and realizing the electronicization of invoices in all fields, all links, and all elements.
1. Electronic invoice (VAT special invoice) 2. Electronic invoice (VAT general invoice) 3. Rare earth electronic invoice 4. Cigarette electronic invoice 5. Construction services electronic invoice 6. Passenger transport services electronic invoice 7. Freight transport services electronic invoice 8. Real estate sales electronic invoice 9. Real estate operating lease electronic invoice 10. Agricultural product purchase electronic invoice 11. Photovoltaic purchase electronic invoice 12. Vehicle and vessel tax collected on behalf electronic invoice 13. Self-produced agricultural product sales electronic invoice 14. Differential taxation electronic invoice (differential invoicing) 15. Differential taxation electronic invoice (full-amount invoicing)
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