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global expansion and product R&D innovation, the company's financial archive management is relatively traditional and outdated.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
Recently, the State Taxation Administration made major adjustments to the functions of the new electronic tax bureau. Taxpayers providing construction services across regions need to complete the reporting and verification procedures before issuing invoices. According to the regulations of the Administration, for construction across provincial-level administrative regions, reporting and verification is mandatory; for most cross-prefecture-level-city construction within a province (municipal districts, prefectures, leagues, regions), reporting and verification is mandatory. During the reporting and verification process, taxpayers need to fill out the "Cross-Regional Tax-Related Matter Report Form" and submit business project information in accordance with the requirements of the local tax authority. When issuing fully digitalized e-invoices for specific construction service business, if the cross-city flag is selected as "Yes," it needs to simultaneously bring out and fill in...
2024-09-11
Recently, a taxpayer inquired: What should be done when a received special VAT invoice is classified as an "abnormal VAT deduction voucher"? The taxpayer said that the enterprise received a notice from the tax authority that due to the upstream enterprise absconding or becoming unreachable, the special VAT invoice obtained from the upstream enterprise has been determined to be an abnormal VAT deduction voucher. So, what are abnormal deduction vouchers? How should enterprises handle them? Six circumstances for being listed as an abnormal deduction voucher. Circumstance One: Special VAT invoices that have not been issued or have been issued but not uploaded in the taxpayer's lost or stolen tax control equipment. Circumstance Two: Invoices not issued by abnormal taxpayer...
2024-09-10
Enterprises have many management levels, relatively dispersed financial data, numerous business lines, and huge expenses, making expense control highly necessary. Under traditional management models, pre-event control is difficult for the company, while post-event control easily triggers conflicts between the company and employees, such as rejecting unreasonable or over-budget expenses in a one-size-fits-all manner. Adopting the Kailing expense control management system, with its intelligent expense control service system, can achieve refined management of enterprise expenses. It can accelerate the processing efficiency of expense reimbursement, streamline processes, and eliminate the cumbersome reimbursement by claimants and review by accounting staff...
2024-09-10
In today's era where data-driven approaches and intelligence advance hand in hand, the digital transformation of enterprise business-finance-tax management has become an unstoppable trend. Traditional business-finance-tax management suffers from pain points such as isolated systems, fragmented data, low efficiency, and persistently high risks, with the complex coordination challenges within group enterprises at all levels and with upstream and downstream enterprise systems being particularly prominent. Against this backdrop, Kailing Technology, with its self-developed Qishuitong fully digitalized e-invoice management system, has opened up a fast track of integrated, digital, and intelligent business-finance-tax management for enterprises. Connecting various systems for seamless data...
2024-09-09
In the era of the digital economy, with the revision and improvement of the Archives Law of the People's Republic of China and the successive issuance of a series of important related documents such as the 14th Five-Year Plan for the Development of National Archives Undertakings, the state's attention to archival work has reached a new height, pointing out that archival management should transform toward digitalization and intelligence, improve the quality and efficiency of archival services, better meet the needs of all sectors of society for archival information, and provide strong support for the country's development and progress. So what safeguard policies has the National Archives Administration issued for advancing the digitalization of traditional carrier archives? And how are various industries carrying out electronic...
2024-09-09
When using fully digitalized e-invoices, how can you prevent the invoicing party from mistakenly issuing red-letter invoices and prevent the invoice recipient from repeatedly recording and archiving electronic invoices? Below, let's introduce how to use the "accounting entry identifier" function~ 01 What is the invoice accounting entry function? Invoice accounting entry refers to the collection, through the electronic invoice platform, of all invoices obtained by taxpayers (including customs payment documents) and withholding tax payment certificate data. 02 How to perform invoice accounting entry? Taxpayers can log in to the new electronic tax bureau and click [I Want to Handle Taxes]-[Tax Digital Account]-[Invoice Accounting Entry Identifier] module to perform invoice...
2024-09-06
As fully digitalized e-invoices become more numerous, and with the release of management documents on electronic invoice reimbursement such as the Accounting Data Standards for Electronic Vouchers (Trial), many organizations' finance departments require reimbursing employees to provide XML files in addition to printed reimbursement forms and invoices when reimbursing fully digitalized e-invoices, in order to meet relevant requirements. However, due to the format of the original XML of fully digitalized e-invoices, when obtaining invoices, generally only PDF files are provided to reimbursing personnel for printing convenience, which leaves reimbursing personnel unsure how to obtain them. To obtain the original XML, generally...
2024-09-06