Questions to Understand About "Leqi Services"

As an important part of China Golden Tax Phase IV, fully digitalized e-invoices have opened a corner of tax governance by data. As pilot regions continue to expand, in the process of enterprise financial digital transformation, the application and processing of fully digitalized e-invoices has become an urgent task. Tax bureaus in various regions have successively issued the "Guidelines on the Specifications for Leqi Self-use Direct Connection Services", marking the official opening of "Leqi services".

What is "Leqi"?

Answer: 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 featuring open rules and unified standards (hereinafter referred to as "Leqi services").

What advantages are there?

1. Reduce costs and increase efficiency

Achieve data-element-driven operations. Enterprises can use data and fully digitalized e-invoice management to utilize key business, financial, and tax information, connecting and running through the entire business-finance-tax-invoice process and enabling collaborative processing within the same workflow. Enterprises can connect directly to the tax bureau's electronic invoice service platform for invoicing, and perform reimbursement, posting, certification, and other operations on the platform, meeting enterprise needs while reducing costs. No tax control equipment, no invoice type verification, and no invoice requisition are required, reducing the previously complex workflows of invoicing, invoice management, invoice collection, and invoice storage. Achieve "saving labor," "saving media," and "saving shipping costs."

2. Demonstrate financial value

The tax authority processes various enterprise data through "Leqi," effectively ensuring the authenticity, continuity, and accuracy of the data. Based on this trusted data, enterprise credit risk can be evaluated without relying on third-party institutions. Enterprise credit enhancement and financing can be judged through enterprise data, and data becomes a reflection of enterprise value.

3.Tax-enterprise direct connection, risk alerts

Group enterprises can effectively achieve a comprehensive "headquarters-to-headquarters" tax-enterprise direct connection tax-related data management center, thereby supporting the establishment of a first-class business-finance-tax management system and reducing the degree of information asymmetry between tax authorities and enterprises. Based on the direct connection system between group headquarters and the State Taxation Administration, build an all-channel, all-invoice-type invoice pool, and further create a tax-related data center. Centralized and automated invoice management, integrating other business systems to achieve an integrated business-finance-tax management system. With the capabilities such as direct connection tax filing and risk warnings continuously opened by the State Taxation Administration on the Leqi platform, tax digital transformation can be promoted at low cost and high efficiency.

“Leqi Services”Application conditions

Difficulties in launching and implementing Leqi services

1.High IT expertise required, many interfaces and heavy integration workload, high demand for professional knowledge。

2. Leqi only provides invoicing capability, invoicing information verification, and red-letter reversal balance verification; risk control rules and alerts must be developed by enterprises themselves.

3. Interface instability often occurs due to iterations, so a complete compensation mechanism and RPA channel backup need to be established.

Kailing TechnologyA digital invoice management solution based on the Leqi Digital Open Platform, providing China Golden Tax Phase IV taxpayers with fully digitalized e-invoice issuance services, invoice usage services, and delivery services through self-developed delivery service capabilities, achieving full lifecycle management of fully digitalized e-invoices。

Provide one-stop access and invoice-related services to enterprises qualified to access the Leqi digital open platform, meeting taxpayers' multi-scenario, large-scale, compliant, and automated invoice-related service needs, reducing enterprise integration and maintenance costs, improving enterprise tax management and service efficiency, and enabling enterprises to focus more on their core business.

Source: internet

Beijing Kailing Technology Co., Ltd.——an enterprise business-finance-tax digitalization solution service provider.

Kailing Technology provides solutions for sales management systems, procurement management systems, output invoicing systems, input invoice collection systems, imaging management systems, financial posting systems, electronic accounting archives, fully digitalized e-invoice and Leqi interfaces and other businesses according to enterprise needs, professionally and efficiently helping enterprises transform and upgrade their business-finance-tax digital management.

If you have any business-finance-tax digital transformation needs, welcome to contact us. Beijing Kailing Technology will serve you wholeheartedly.