Leqi Direct Connection, as an innovative practice model of "smart taxation," has arrived. Through direct connection between the tax system and enterprises' own information systems, it embeds tax policies and invoice issuance and usage business rules into enterprise systems, builds a tax-enterprise direct connection channel centered on fully digitalized e-invoice data, creates new development opportunities for enterprises, and effectively promotes business-finance-tax integration. Currently, Leqi services are accelerating their promotion, and many large enterprises have connected to the Leqi platform, enabling direct connection units to connect multiple user units to use Leqi-related functions, making invoice issuance and usage more convenient and effectively saving time and costs. We previously shared Leqi self-use and Le...
2024-09-27
Q: Our unit is an agricultural product planting enterprise, specializing in the production of green, pollution-free fruits and vegetables, and directly supplying major chain supermarkets. At present, one supermarket insists that our company issue a VAT special invoice. Can we issue a VAT special invoice to this supermarket and file and pay tax, while the business with other merchants is still filed as tax-exempt? Article 15, Item (1) of the Interim Regulations of the People's Republic of China on Value-Added Tax provides that self-produced agricultural products sold by agricultural producers are exempt from VAT. Article 21 provides that where a taxable sales activity is subject to tax exemption provisions, a VAT special invoice may not be issued....
2024-09-26
To implement the relevant requirements of the Accounting Law of the People's Republic of China, the Ministry of Finance issued the Work Specifications for Accounting Informatization and the Basic Functions and Service Specifications for Accounting Software. In Chapter 2 of the Work Specifications for Accounting Informatization, Articles 29, 30, and 31 further clarify the management requirements for electronic accounting archives for enterprises. Article 29: Units with the necessary conditions should promote paperless and automated processing throughout the entire process of receiving, generating, transmitting, storing, and archiving electronic accounting vouchers. Article 30: Units may, under the conditions of clear rights and responsibilities and ensured information security...
2024-09-26
With the full rollout and application of fully digitalized e-invoices, more and more taxpayers are becoming proficient in using them. When taxpayers issue fully digitalized e-invoices through the electronic invoice service platform, "intelligent quota management" is implemented. Today let's take a look at the hot Q&A about fully digitalized e-invoice quotas! 1. Do fully digitalized e-invoices require no tax copying or clearing, and is the total invoicing amount quota automatically restored on the 1st of each month? Answer: The invoice quota is not restored on the 1st of each month, but after the monthly (quarterly) tax filing. During the VAT filing period, pilot taxpayers may, before completing VAT filing as required, use the remaining available quota from the previous month, not exceeding the current month's invoicing amount...
2024-09-25
In enterprise operations, expense control is like a solid line of defense, safeguarding the enterprise's financial security as well as the rational allocation and efficient use of resources. However, in a complex and ever-changing business environment, managing budgets easily is no simple task. The following ten methods of enterprise expense control will help enterprises handle expense management with greater ease. Secret 1: Establish strict budget standards to lay the foundation for expense control The starting point of expense control lies in establishing a scientific and reasonable set of budget standards. Enterprises should deeply analyze the advantages and disadvantages of various budget systems, such as the stability of fixed budgets and the flexibility of flexible budgets...
2024-09-25
How can service industries such as hotels, restaurants, and supermarkets quickly issue fully digitalized e-invoices? There is no need to make customers wait in long queues for invoicing, while also reducing the pressure on invoicing staff and making invoicing easy. The best way is to use scan-to-invoice! So, let's take a quick look at how to enable customers to scan and invoice~ 1. Merchant: select the invoice type in advance and enter invoicing items, amounts, and other information, then generate a QR code with a specific validity period and send it to the customer. 2. Customer: use WeChat or Alipay to scan the generated QR code and enter purchaser information to issue the invoice themselves. 3. Advantages: no need to wait for customers...
2024-09-24
Leqi Direct Connection: The "tax-enterprise direct connection" interface provided by the State Taxation Administration. Enterprises that meet the conditions for Leqi self-use can, through their own application, provide direct-connection invoicing, invoice use, and other tax-related services for their own unit and subordinate units. Leqi other-use: The State Taxation Administration opens Leqi other-use interface applications to third-party service providers that meet the conditions for Leqi other-use (such as Kailing Technology). After a third-party service provider obtains the Leqi other-use interface, it can provide Leqi services to other market entities with which it has no controlling relationship. Leqi other-use brings many significant values to enterprises: 1. In invoice management...
2024-09-24
For flight tickets employees submit for reimbursement, there are special VAT invoices, general VAT invoices, and itineraries. Can all these receipts be deducted? What issues should be noted in practice? According to the provisions of documents such as the Announcement of the Ministry of Finance, State Taxation Administration, and General Administration of Customs on Policies Related to Deepening VAT Reform (Announcement No. 39 of 2019 of the Ministry of Finance, State Taxation Administration, and General Administration of Customs) and the Announcement of the State Taxation Administration on VAT Collection and Administration Issues Concerning Input Tax Deduction for Domestic Passenger Transport Services (Announcement No. 31 of 2019 of the State Taxation Administration), for reimbursement vouchers obtained by taxpayers for taking air transport vehicles: (1)...
2024-09-23
I. Industry problems existing in traditional manufacturing In some enterprises, although their business performs excellently in global expansion and product R&D innovation, the company's financial archive management is relatively traditional and outdated. Many manufacturing enterprises still use paper-based archive management and face some common business pain points: 1. Cumbersome archiving of invoices and bank receipts Due to product characteristics, transactions with upstream and downstream parties are frequent and large in volume, generating large numbers of input and output VAT invoices and bank receipts. According to statistics from one enterprise, its two core subsidiaries generate about 40,000+ bank receipts and as many as 70,000+ invoices each year...
2024-09-23
Today let's discuss a hot topic in the business-finance-tax field—reverse invoicing. What exactly is "reverse invoicing"? It may sound a bit convoluted, but it is actually very simple. Usually, in a transaction, the seller issues an invoice to the buyer, which is called forward invoicing. However, sometimes due to special reasons, the buyer needs to issue an invoice to the seller, which is called "reverse invoicing." Although it may seem a bit strange, in the business-finance-tax field, this operation is legal and common. So, under what circumstances is "reverse invoicing" used? Here are a few examples:...
2024-09-20
In August, the first domestic 3A game "Black Myth: Wukong," carefully developed by the Game Science team, was stunningly launched. With its high quality, high volume, and high cost, the game quickly achieved sales of over 10 million copies worldwide. The many highly realistic recreations of famous historical sites in the game scenes successfully attracted players' attention. Xiaoxitian in Xi County, Linfen City, is the filming location for "Seeing the future, why not bow" in the game. Recently, this place has attracted a large number of tourists rushing to check in and take photos, and tourism popularity has continued to rise. According to statistics, the scenic area's recent visitor volume compared with the same period in previous years...
2024-09-19
Note! New changes in red-flushing of fully digitalized e-invoices! Now, fully digitalized e-invoices no longer require the invoice recipient to confirm usage, and partial red-flushing can be done directly! When receiving fully digitalized e-invoices for accounting, be careful of partial red-flushing! Let's take a look! 1. New changes in red-flushing of fully digitalized e-invoices! Be careful of partial red-flushing! Everyone knows that fully digitalized e-invoices can be partially red-flushed. However, there is a prerequisite for partial red-flushing: the invoice recipient must first confirm usage (including checking for accounting, checking for deduction, etc.). If the invoice recipient has not confirmed usage, then if the seller wants to red-flush, it can only be a full red-flush! If the invoice recipient has not yet completed usage confirmation processing...
2024-09-18
The promotion of fully digitalized e-invoices makes the digital transformation of enterprise financial management imperative. But this transformation also brings new challenges to finance personnel. How to efficiently manage, verify, and archive electronic invoices to ensure the smoothness and security of enterprise financial processes has become an urgent problem to solve. 1. Challenges faced by finance personnel In the era of fully digitalized e-invoices, finance personnel face multiple challenges. If an enterprise needs to use paper printouts of electronic invoices as the basis for reimbursement, recording, and archiving, then according to Article 4 of Document Cai Kuai [2020] No. 6, the enterprise must simultaneously preserve the XML-format electronic...
2024-09-18
1. In the new electronic tax bureau, if an enterprise invoicing clerk identity cannot enter the digital account but other real-name tax handlers can enter, how should this be handled? Answer: An invoicing clerk must obtain authorization from the legal representative or finance officer before using functions related to the "Tax Digital Account." The specific authorization operation is as follows: After the enterprise's legal representative or finance officer logs in to the new electronic tax bureau with an enterprise business identity, click the avatar in the upper right corner → "Account Center" to enter "Account Center," click "Personnel Permission Management" → "Existing Tax Handlers," and click [Manage...] in the operation column of the tax handler whose permissions need to be modified
2024-09-14
I. Policy Background 1. Major Tax System Reform 2015-2016: Replacement of Business Tax with VAT 2018: Merger of National and Local Tax Authorities 2019-2020: Tax and Fee Reduction 2. Major Transformation of Collection and Management Models Approval System -> Filing System Certification Deduction -> Checkbox Deduction Dedicated Tax Administrator System -> Big Data Risk Control Assessment Manual Management -> Information Management -> Data-Driven 3. Evolution from China Golden Tax Phase III to China Golden Tax Phase IV China Golden Tax Phase III: One platform, two-level processing, three coverages, four categories...
2024-09-14
Table of Contents 01 In which module is invoice selection and certification? 02 Where to file union funds on the new electronic tax bureau platform? 03 Where to file stamp duty? 04 Where to file property tax and urban land use tax? 05 In which module are international tax business matters handled? 06 Where to enter the property tax source collection for newly purchased properties? 07 How to query taxpayer information on the new electronic tax bureau? 08 How to query general taxpayer qualification on the new electronic tax bureau? 09 How to query data that should be filed but has not been filed on the new electronic tax bureau...
2024-09-13
As the economy and society fully embark on digital transformation, the iteration speed of new technologies such as big data and artificial intelligence continues to accelerate, and enterprises are gradually exploring digital models suited to their own development. In recent years, the financial digitalization path using expense reimbursement systems as an entry point has gradually gained popularity, benefiting both large and medium-sized enterprises and smaller enterprises with lower levels of informatization. 1. Background. 1. Problems and difficulties faced by expense control reimbursement. Since March 23, 2020, the "Notice on Standardizing the Reimbursement, Posting, and Archiving of Electronic Accounting Vouchers" has stipulated that electronic invoices and other electronic...
2024-09-13
If fully digitalized e-invoices bearing the words "Air Transport Electronic Ticket Itinerary" or "Railway Electronic Ticket" are to be used for tax deduction, pre-tax deduction, and financial reimbursement, how should the fully digitalized e-invoice be issued? Currently, fully digitalized e-invoices bearing the words "Air Transport Electronic Ticket Itinerary" or "Railway Electronic Ticket" include the "Buyer Name" and its "Unified Social Credit Code." If they are to be used for tax deduction, pre-tax deduction, and financial reimbursement, the information of the entity using the invoice for tax deduction, pre-tax deduction, and financial reimbursement should be filled in the "Buyer Name" and its "Unified Social Credit Code" fields, and after issuance, it should be delivered directly to the corresponding...
2024-09-12
As is well known, archives are the knowledge wealth and intellectual resources of any enterprise or institution. In the past, all departments used paper materials to preserve archives, which not only consumed a large amount of manpower and material resources, but also was highly prone to archive loss due to personnel turnover and environmental changes, making it difficult to preserve them completely and long-term. With the continuous development of modern information technology, scientific and effective means and tools have been provided for the custody and efficient use of archives—the "digital archive management system." The comprehensive digital archive management system integrates computer technology, network technology, massive image data management technology, full-text retrieval technology, and security...
2024-09-12
1. In the new electronic tax bureau, when a withholding agent collects withholding information for a non-resident enterprise, the foreign-language name was collected as Chinese. How can this be modified? Answer: Identity information of a non-resident enterprise collected through a withholding agent cannot be modified from the withholding agent's end. If it is collected again, the system will also prompt duplication. You can log in as an individual and use the non-resident enterprise identity information collection module—non-resident enterprise self-collection, or log in as an overseas individual to collect non-resident enterprise identity information. After entering the correct information (modifiable information includes the Chinese and English names of the non-resident enterprise, tax identification number,...)
2024-09-11