Currently, fully digitalized e-invoices have covered 98% of invoicing enterprises nationwide. Through promoting the "Leqi" service model, as of the end of July 2024, nearly 2,000 large group enterprises and tens of thousands of member enterprises have achieved direct connection with the tax authorities' information systems. Today, Leqi has become an inevitable choice for medium and large enterprises in tax matters! The Leqi pilot is continuously accelerating. Eligible enterprises have presumably already received notification. So, how should enterprises plan their upgrades now, and how should they choose a service provider for integration? For enterprises, if they lack understanding of policies and of interfaces...
2024-11-14
Decree No. 22 of the National Archives Administration, the "Measures for the Management of Electronic Archives," officially took effect the day before yesterday. To help everyone deeply understand the specific intent of the provisions, the scope of implementation, and practical operations of the "Measures," we have specially prepared a series of short articles interpreting and analyzing the "Measures for the Management of Electronic Archives." Today, we continue to discuss "Chapter 4 of the Measures for the Management of Electronic Archives: transfer and receipt. Chapter 4 systematically standardizes the transfer and receipt process for electronic archives, ensuring that transferred archives meet requirements for authenticity, integrity, security, and so on, thereby enhancing the security and standardization of archives management. The archives transfer and receipt process...
2024-11-13
I. What is invoice issuance for individuals? Invoice issuance for individuals means that after an individual and a company conduct business, the company requires the individual to provide an invoice as the basis for booking and tax deduction. If the individual cannot provide a corresponding invoice, they directly conduct temporary tax registration in the tax service hall in their own name, and the tax service hall issues an invoice on their behalf. For example: Xiao Li introduced a project to a construction company. After discussion between the two parties, the construction company agreed to pay Xiao Zhang a 1 million intermediary fee (introduction fee), but required Xiao Zhang to provide an invoice; otherwise, the construction company could not record this 1 million expenditure as cost in its books. Because...
2024-11-13
Decree No. 22 of the National Archives Administration, the "Measures for the Management of Electronic Archives," officially took effect on November 1. To help everyone deeply understand the specific intent of the provisions, the scope of implementation, and practical operations of the "Measures," we have specially prepared a series of short articles interpreting and analyzing the "Measures for the Management of Electronic Archives." Today, we will continue to discuss "Chapter 3 of the Measures for the Management of Electronic Archives: organization, archiving, and standardization. Chapter 3 puts forward comprehensive management specifications for the organization and archiving of electronic documents. When archiving, each unit must ensure that documents meet organization requirements, collect and preserve all relevant metadata, and follow open standards...
2024-11-12
Following the promotion of fully digitalized e-invoices in the railway passenger transport sector, on November 6, the State Taxation Administration, the Ministry of Finance, and the Civil Aviation Administration of China jointly issued an announcement that, starting from December 1, 2024, fully digitalized e-invoices—air transport electronic ticket itineraries (hereinafter referred to as "electronic itineraries")—will be promoted in China's civil aviation passenger transport service sector, further facilitating travel for passengers and reimbursement for employers. A relevant official from the Collection and Science and Technology Development Department of the State Taxation Administration introduced that the tax authorities have earnestly implemented the Opinions on Further Deepening the Reform of Tax Collection and Administration issued by the General Office of the CPC Central Committee and the General Office of the State Council...
2024-11-12
Decree No. 22 of the National Archives Administration, the "Measures for the Management of Electronic Archives," officially took effect the day before yesterday. To help everyone deeply understand the specific intent of the provisions, the scope of implementation, and practical operations of the "Measures," we have specially prepared a series of short articles interpreting and analyzing the "Measures for the Management of Electronic Archives." Today, we continue to discuss "Chapter 2 of the Measures for the Management of Electronic Archives: responsibilities, division of labor, collaboration, and professionalization. Chapter 2 mainly clarifies the division of responsibilities in electronic archives management from the national level to local levels, to each unit and archives repository, and emphasizes the importance of cross-departmental collaboration and personnel professionalization. This institutional arrangement helps form...
2024-11-11
State Taxation Administration, Ministry of Finance, Civil Aviation Administration of China Announcement on Promoting the Use of Fully Digitalized E-Invoices for Civil Aviation Passenger Transport Services, State Taxation Administration, Ministry of Finance, Civil Aviation Administration of China Announcement No. 9 of 2024. To implement the requirements of the Opinions on Further Deepening the Reform of Tax Collection and Administration issued by the General Office of the CPC Central Committee and the General Office of the State Council regarding advancing the electronic reform of civil aviation passenger transport invoices, the State Taxation Administration, the Ministry of Finance, and the Civil Aviation Administration of China have decided to promote the use of fully digitalized e-invoices in the field of civil aviation passenger transport services. The relevant matters are hereby announced as follows:...
2024-11-11
Decree No. 22 of the National Archives Administration, the "Measures for the Management of Electronic Archives," officially took effect yesterday. To help everyone deeply understand the specific intent of the provisions, the scope of implementation, and practical operations of the "Measures," we have specially prepared a series of short articles interpreting and analyzing the "Measures for the Management of Electronic Archives." Today, we will continue to discuss "Chapter 1 of the Measures for the Management of Electronic Archives: purpose, definitions, and requirements, etc.," to help you grasp the general principles of electronic management. Interpretation of Chapter 1 of the Measures for the Management of Electronic Archives - General Provisions. Chapter 1 General Provisions of the Measures for the Management of Electronic Archives stipulates the basic principles of electronic archives management...
2024-11-08
On November 1, railway ticket electronic invoices were officially launched. According to China State Railway Group, a passenger traveling from Kunshan, Jiangsu to Suzhou obtained the country's first railway ticket electronic invoice. Finance colleagues will soon also receive railway ticket electronic invoices from colleagues on business trips, so the following tax points should be noted! 1. Can previous railway tickets (paper reimbursement vouchers) still be used for reimbursement, accounting, and tax deduction? Passengers who need reimbursement and accounting should obtain electronic invoices (railway electronic passenger tickets). If the purchaser is a general VAT taxpayer, purchasing domestic railway passenger transport services...
2024-11-08
Decree No. 22 of the National Archives Administration, the "Measures for the Management of Electronic Archives," officially took effect on November 1. To help everyone deeply understand the specific intent of the provisions, the scope of implementation, and practical operations of the "Measures," we have specially prepared a series of short articles interpreting and analyzing the "Measures for the Management of Electronic Archives." Today, we will first discuss "the positioning, framework, and core content of the Measures for the Management of Electronic Archives," providing you with a comprehensive basis for understanding. Let us first outline the overall structure and core content of the "Measures for the Management of Electronic Archives" so as to gain a macro understanding. 1. Overall...
2024-11-07
[Practical] Fully digitalized e-invoice quota reduced? How to apply for an invoice quota adjustment?
Our company recently found that its invoicing limit had dropped to only 5,000. The company recently needs to issue a 200,000 RMB invoice. What should we do to restore the invoice limit? Do we need to apply for an "invoice limit adjustment" at the new electronic tax bureau? Don't worry. If an enterprise's credit limit has been reduced, it should first contact the competent tax authority to find out whether the enterprise has any related tax risks. After the relevant risk matters are resolved, the system will restore the invoice dynamic limit. After the dynamic limit is restored, if the limit is still insufficient, you can initiate a "manual invoice limit adjustment application" at the new electronic tax bureau to apply for a temporary...
2024-11-06
From November 1, 2024, within 180 days after handling domestic railway electronic ticket purchase, refund, and rebooking business, an electronic invoice can be applied for through the railway 12306 website and mobile client without going to the station window or self-service ticket vending (collection) machine, and can be downloaded and printed repeatedly. At the same time, according to the announcement (State Taxation Administration, Ministry of Finance, China State Railway Group Co., Ltd. Announcement No. 8 of 2024), buyers are encouraged, after receiving electronic invoices (railway electronic tickets), to realize full-process paperless processing of electronic invoices (railway electronic tickets) in accordance with the relevant requirements of the electronic voucher accounting data standards...
2024-11-06
On October 18, the State Taxation Administration, the Ministry of Finance, and China State Railway Group Co., Ltd. issued the Announcement on Promoting the Use of Fully Digitalized Electronic Invoices in Railway Passenger Transport, announcing that paper railway tickets will no longer be used and will be replaced by electronic tickets. Effective from November 1! What about fully digitalized air tickets? Can refunds and changes be deducted as input VAT? What points should be noted? (1) Fully digitalized railway tickets are fully implemented! 1. Transport enterprises affiliated with China State Railway Group, non-controlling joint ventures, and local railway enterprises (collectively referred to as railway transport enterprises) handle domestic...
2024-11-05
Days ago, the National Archives Administration Order No. 22 published the "Electronic Archives Management Measures" (hereinafter referred to as the "Measures"), effective from November 1, 2024. The "Measures" further strengthen and standardize electronic archives management, ensure the authenticity, integrity, usability, and security of electronic archives, and set forth regulatory requirements for the entire process of electronic archives management. The promulgation of the "Measures" is an important measure for implementing the "Archives Law of the People's Republic of China" and the "Implementation Regulations of the Archives Law of the People's Republic of China," ensuring that electronic archives management is carried out in accordance with laws and regulations, marking that China's electronic archives management has entered a new stage. It promotes archives...
2024-11-05
Recently, the State Taxation Administration, the Ministry of Finance, and China Railway Group jointly issued an announcement clarifying that starting from November 1, 2024, fully digitalized e-invoices—electronic invoices (railway e-tickets)—will be promoted and used in China's railway passenger transport sector. So, after passengers obtain an electronic invoice (railway e-ticket), if it needs to be reissued due to errors in the buyer's information or other reasons, how should railway transport enterprises issue a red-letter electronic invoice (railway e-ticket)? Let's take a look ↓ If the buyer has not confirmed the purpose or accounting entry, the railway transport enterprise shall fill out the "Red-Letter Invoice Information..."
2024-11-04
Bookkeeping vouchers are fully electronic. Although fully digitalized e-invoices are more convenient, finance staff feel increasingly uncertain. For example: What exactly are the differences between the various formats of e-invoices? How should e-vouchers be reimbursed, posted, and archived? Let's find out together! 1. Accounting Department of the Ministry of Finance, "Notice on Standardizing the Reimbursement, Posting, and Archiving of Electronic Accounting Vouchers": I. Electronic accounting vouchers referred to in this notice are various accounting vouchers in electronic form received by a unit from external sources, including e-invoices, electronic fiscal receipts, e-tickets, e-itineraries, electronic customs special payment certificates, ...
2024-11-01
Kailing Technology serves all types of enterprises, fully providing functions such as acquisition and aggregation of all input and output invoices, reimbursement approval, voucher association, archive storage, and linked query and retrieval. At the same time, it uses intelligent recognition and parsing, automatic authenticity verification and duplicate checking, and other means to help enterprises simplify business-finance-tax processing, easily achieve compliance, effectively avoid invoice usage risks, and comprehensively overcome e-invoice challenges. How should enterprises solve the problem of duplicate reimbursement of electronic invoices? How can financial processing be carried out efficiently? How should vouchers be collected and archived? Do not worry, Kailing Technology · Lingshuitong will help you achieve a smooth transition! 1. Omnichannel...
2024-11-01
Tax authority notice! Deemed taxation is available again! 1. It is settled! Deemed taxation! On August 2, the State Taxation Administration released a special column on the "reverse invoicing" policy for resource recycling enterprises, which stipulated the individual income tax rate for "reverse invoicing." After "reverse invoicing," how is individual income tax calculated when the seller handles the annual final settlement? According to the Individual Income Tax Law and its implementing regulations, where a natural person seller of scrapped products obtains business income, individual income tax is calculated on an annual basis, and the taxable income is the balance after deducting costs, expenses, and losses from the total income of each tax year, ...
2024-10-31
In accordance with the requirements of the Outline of the 14th Five-Year Plan for Accounting Reform and Development to advance accounting digital transformation, the Ministry of Finance, together with the State Taxation Administration and 9 other ministries and commissions, has continued to advance the pilot work of deepening the accounting data standards for electronic vouchers since 2022. Taking the deep integration of digital technology and business-finance as the starting point, it promotes the transformation of financial management from informatization to digitalization and intelligence, promotes paperless and ecological accounting construction across society, lays a solid foundation for society to build a new data-driven management model and promote industrial development and digital innovation, and supports the development and transformation of the national governance system and governance capacity. ▪ Issuing side...
2024-10-31
1. Account Center After successful login, users can use the [Account Center] to manage enterprise information, manage personnel permissions, view personnel permissions, manage personnel information, switch identities, etc. 2. Enterprise Information Management Users logged in as an enterprise or after switching enterprise identity (for how to switch identities, see Identity Switching below) can use the [Account Center] to manage enterprise information. Enterprise Basic Information Query After logging in as an enterprise, click [My] to enter the personal center page, and click "Account Center" to enter the Account Center page. Click "Enterprise Information Management" to...
2024-10-30