Starting March 1, 2024, the "Implementation Regulations of the Archives Law of the People's Republic of China" (hereinafter referred to as the "Implementation Regulations") officially came into effect. The "Implementation Regulations" consist of 8 chapters and 52 articles, making new institutional arrangements for the development of archives undertakings. This revision of the "Measures for the Implementation of the Archives Law of the People's Republic of China", renamed as the "Implementation Regulations", aims to implement the provisions of the newly revised Archives Law, scientifically and precisely guarantee the effective implementation of the Archives Law, and provide strong legal protection for the innovative development of archives undertakings. We have compiled recent important archives-related time nodes for you: In 2023, electronic invoices were piloted on a large scale, and the national...
2024-03-06
Since fully digitalized e-invoices were piloted on December 1, 2021 in Inner Mongolia Autonomous Region, Shanghai, and Guangdong Province (excluding Shenzhen), they have been accelerating. As of December 1, 2023, 36 provinces (autonomous regions, municipalities directly under the Central Government, and cities with separate state planning) nationwide entered the pilot for issuing fully digitalized e-invoices; as of January 16, 2024, all 36 provinces, regions, and cities nationwide had issued the "Guidelines on the Specifications for Leqi Self-use Direct Connection Services", marking that all 36 tax regions nationwide have fully entered the Leqi pilot stage. Access applications for "Leqi services" are officially open to qualifying large and medium-sized enterprises. Leqi...
2024-03-06
Since Beijing launched the fully digitalized e-invoice pilot, because issuing fully digitalized e-invoices through the e-invoice platform offers advantages such as "simpler invoice collection process," "more convenient invoicing and use," and "integrated accounting and archiving," it has been welcomed by more and more taxpayers. Many users have already received notice that they can issue fully digitalized e-invoices, so what should they pay attention to? We have collected some hot questions to learn about together! Fully Digitalized E-Invoice Hot Questions Contents 1. Pilot taxpayers of fully digitalized e-invoices still have unused paper invoices and electronic invoices on hand; how should these invoices be handled? How should tax control equipment be handled? Does it need to be returned? 2. Fu...
2024-03-05
Against the backdrop of intelligent big data regulation under China Golden Tax Phase IV, with the comprehensive expansion of the "fully digitalized e-invoice" pilot and the empowerment of the "Leqi Service" platform, major development opportunities have been brought to enterprises' tax digitalization upgrades. The emergence of the Leqi Service platform enables enterprises to obtain and manage electronic invoices more conveniently, greatly reducing operating costs while also improving work efficiency. Related concepts. Leqi (NaturalSystem) refers to the method by which the State Taxation Administration provides open rules and unified standards to qualified enterprises through direct connection between the tax system and enterprises' own information systems...
2024-03-05
Most finance professionals are already familiar with the benefits and importance of Leqi (if you are not yet familiar, you can click our profile picture to visit our homepage and read related articles to learn more~). Although Leqi is beneficial, many enterprises have still not applied for it. What key factors influence enterprise decisions and prevent enterprises from quickly connecting to the system and fully enjoying the convenience of fully digitalized e-invoices? First, enterprises have not planned well for the timeline of going live on Leqi. Since fully digitalized e-invoices were piloted in Inner Mongolia, Guangdong, and Shanghai in December 2021 and then rolled out nationwide, more than two years have passed, giving enterprises relatively...
2024-03-04
Fully digitalized e-invoices (abbreviated as "fully digitalized e-invoices") have achieved comprehensive coverage, and the issuance of the "Guidelines on the Specifications for Leqi Self-use Direct Connection Services" has further enabled taxpayers to grasp more technical details around invoice applications under the China Golden Tax Phase IV system. Today we explain in detail the business model of the Leqi interface. 01 Definition of the Leqi interface Leqi (Natural System) refers to the tax-related services such as fully digitalized e-invoices with open rules and unified standards provided by the State Taxation Administration to qualifying enterprises through direct connection between the tax system and the enterprise's own information system (hereinafter referred to as "...
2024-03-04
Perhaps everyone still remembers that on December 29, 2023, the newly revised Company Law was reviewed and passed. Also passed on the same day was the Implementing Rules of the Measures for the Administration of Invoices of the People's Republic of China.—This is the latest adjustment and new regulation after nearly five years since the third revision on July 24, 2019, and it was clearly stated that it would officially take effect on March 1 this year. What adjustments were made to the new invoice administration measures? What is different compared with the previous version? How are the latest specifications clarified? We immediately obtained the official documents. Next, we will provide an item-by-item comparative analysis for everyone...
2024-03-01
01 What is Leqi? Leqi is a direct-connection platform for fully digitalized e-invoice services where the tax bureau provides interfaces free of charge to the public. [Explanation of the normative guidelines on Leqi self-use direct connection service] Leqi (Natural System) refers to the platform through which the State Taxation Administration provides eligible enterprises, via direct connection between the tax system and the enterprise's own information system, with tax-related services such as fully digitalized e-invoices with open rules and unified standards (hereinafter referred to as "Leqi service"). 02 Does connecting to Leqi require payment? Connecting to Leqi does not require separate payment; the connection process will incur corresponding debugging costs for the connecting party. [Regarding...
2024-03-01
The Leqi pilot continues to accelerate! Enterprises that meet the requirements should have already received the notice. This article will introduce in detail what Leqi is, the conditions for Leqi application, the required materials, and the specific application process. Most importantly, how enterprises should now 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. 01 What is Leqi? ①Leqi refers to the State Taxation Administration providing to eligible enterprises, through direct connection between the tax system and the enterprise's own information system, rules-open, standards-unified fully digital...
2024-02-29
"China Golden Tax Phase IV" has been fully implemented, and tax collection and administration has shifted from "managing tax by invoice" to "governing tax by data". As important tax vouchers, electronic invoices' full-chain management and risk prevention have become a top priority in enterprise financial management. 01 In the era of fully digitalized e-invoices, the challenges enterprises face 1. Complex invoice management: the number of electronic invoices has surged, and traditional manual management can hardly meet demand, easily causing problems such as lost or misreported invoices. Different regions and industries have different management requirements for electronic invoices, bringing inconvenience to enterprise management. 2. High difficulty in risk control:...
2024-02-28
Fully digitalized Leqi pilots continue to accelerate. Currently, all 36 provinces, autonomous regions and municipalities across the country have launched fully digitalized e-invoice pilots and issued normative guidelines for Leqi self-use services. For large enterprises, building Leqi well and fully enjoying the convenience of fully digitalized e-invoices has become a mandatory choice. However, in Leqi construction, enterprises still have some questions, such as: Can Leqi and web invoicing run in parallel? What is the detailed operation process for Leqi upgrade? What matters require enterprise cooperation during the Leqi upgrade process? What benefits does upgrading to Leqi bring to enterprises, especially in terms of risk control? Based on this, we have summarized several key stages of Leqi construction to help...
2024-02-28
In the hotel, restaurant, and supermarket industries, invoicing times are concentrated, invoice volumes are large, and customer mobility is high. Because of this, these industries face some difficulties in invoicing work: · Customers crowd in queues at the counter; · Invoicing staff have a heavy manual entry workload; · Merchants have low checkout efficiency; · The invoicing error rate is high; · Customers wait a long time... Therefore, for these enterprises, choosing an invoicing method suitable for their own business is very important. With LingShuiTong table-card scan-to-invoice, merchants only need to create a table-card QR code and place it on the dining table or counter for purchasers to scan and fill in invoice information, after which invoicing staff review...
2024-02-27
In March 2021, the General Office of the CPC Central Committee and the General Office of the State Council issued the "Opinions on Further Deepening the Reform of Tax Administration" (hereinafter referred to as the "Opinions"). The "Opinions" proposed focusing on building smart taxation with high integration functions, high security performance, and high application efficiency, centered on serving taxpayers and fee payers, with invoice electronicization reform as the breakthrough, and driven by tax big data. To implement the "Opinions," following the principle of prudence and orderliness, the work strategy was to first carry out pilots in some regions and then gradually expand the scope of regions and taxpayers. Starting from December 1, 2021, Shanghai, Guangdong...
2024-02-26
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