New electronic tax bureau to expand online coverage, deepening the transformation path of enterprise fully digitalized e-invoices and Leqi

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, Party Committee Secretary and Director of the State Taxation Administration, delivered a work report.

The meeting pointed out: continue to deepen tax administration reform,Steadily advance the promotion and application of fully digitalized e-invoices, and expand the rollout of the nationwide unified new electronic tax bureau, deepen and expand the application of tax big data, and improve digital and intelligent governance efficiency.

Since fully digitalized e-invoicesDecember 1, 2021Since pilots were carried out in Inner Mongolia Autonomous Region, Shanghai, and Guangdong Province (excluding Shenzhen), progress has been accelerating. As of December 1, 2023, all 36 provinces (autonomous regions, municipalities directly under the Central Government, and cities with separate state planning) nationwide had 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."

What is a fully digitalized e-invoice? What is Leqi? What role does Leqi play in advancing fully digitalized e-invoices? What is the significance of expanding and launching the nationwide unified new electronic tax bureau?How should enterprises leverage electronic invoice upgrades to achieve digital transformation and maximize enterprise digital value?TodayWeLet us introduce it in detail for everyone.

01 Fully digitalized e-invoices and the Leqi platform

Compared with traditional invoices, fully digitalized e-invoices have six major changes: no medium, no format, elementization, labeling, quota-based issuance, and code-based issuance.

Simply put, for an enterprise, there is no need to obtain special equipment, and business opening and invoicing are seamlessly connected; the blank invoice application mechanism is canceled, and the system automatically assigns invoice numbers; moreover, fully digitalized e-invoices contain richer information, including basic elements, specific elements, and additional elements, support tag-based management, and can specifically classify electronic invoice functions, status, and purposes. These are practical conveniences.

In fact, at the regulatory level, the new fully digitalized e-invoice system is also more intelligent. It can determine the credit limit based on the taxpayer's actual production and operation conditions, support automatic and manual adjustment of the limit, and control the taxpayer's total invoicing amount through the credit limit. This is what we often callThe change from "tax control by invoice" to "tax governance by data"one.

What is the Leqi Platform? How is it different from ordinary invoicing and invoice usage platforms?

Currently, for enterprises to achieve issuance and usage of fully digitalized e-invoices, the invoicing clerk needs to log in to the unified electronic invoice service platform of the State Taxation Administration XX Provincial Electronic Tax Bureau via mobile phone verification codes, electronic tax bureau APP scanning, and other methods to achieve basic services such as invoicing and invoice usage. It should be noted that the electronic invoice service platform only supports manual issuance, which puts greater operational pressure on enterprises with large invoicing volumes, andIn this process, real-person authentication (facial recognition) is required, and only after platform verification can invoice issuance and delivery be achieved, creating a gap in automation.

Through Leqi platform direct connection automatic invoicing, the invoicing clerk logs into the enterprise's own system (ERP, invoice management system, etc.) to achieve direct-connection invoicing and direct-connection invoice use,Without the hassle of frequent facial recognition authentication, you can achieve seven core capabilities: invoicing, aggregation, verification, deduction selection, tax refund selection, agency selection, and booking., truly achieving automation and realizing business-finance-tax integration.

Therefore,For enterprises, this is the best opportunity for a system upgrade.

With the pilot invoicing and pilot invoice use of fully digitalized e-invoices fully rolled out across 36 provinces, municipalities, and regions, most enterprises no longer need to worry about inconsistent pilot paces across regions. Launching a fully digitalized e-invoice system as soon as possible allows them to enjoy the convenience and speed brought by fully digitalized e-invoices sooner, making it a necessary step for enterprises to reduce costs and increase efficiency.

On the other hand, in recent years, related management policies on electronic vouchers and electronic accounting archives have also been announced successively, in sync with the upgrade of fully digitalized e-invoices,Enterprises can equip themselves at once with the infrastructure for digital upgrading, laying the foundation for future development。

02 Leqi Platform connection process and precautions

Fully digitalized Leqi is very convenient, canComprehensively reduce enterprise operating costs and improve enterprise full-process efficiency。However, for enterprises with weak digital capabilities, there are also challenges, such as: how traditional shared service centers can achieve automation, how enterprises can achieve integrated business-finance-tax management, and how enterprises can meet risk compliance requirements under the background of tax governance by data. These also place higher demands on enterprise IT teams, requiring full-process system upgrades and iterations to meet the enterprise's full digital chain management requirements.

For enterprises without strong technical capabilities, choosing a service provider may be a more "convenient and fast" path. But in fact, the new tax management system also imposes higher requirements on service providers. Enterprises need to have deep accumulation at the fully digitalized e-invoice level, be able to quickly iterate products to respond to tax bureau requirements, and meet the need for uninterrupted invoicing 24/7; at the same time, they must have top-level design capability, consider the fully digitalized e-invoice system and the enterprise's business-finance-tax-archive system as a whole, be able to provide a package of solutions, reduce the cost of multiple developments for enterprises, and achieve smooth system upgrades and stable application.

KailingTechnologyComplies with the regulatory requirements of the State Taxation Administration, the Ministry of Finance, the Archives Administration, and other departments,Launched an integrated fully digitalized e-invoice and Leqi solution,Provide taxpayers with full lifecycle services for fully digitalized e-invoices, meeting enterprises' needs across all business areas including invoice management, intelligent bookkeeping, expense management, tax filing, electronic accounting archives upgrades, and data-driven decision-making,Help everyone achieve collaborative upgrading of multiple business processes with minimal-cost transformation,Help enterprises with the digital transformation and upgrading of business-finance-tax.

03 Kailing TechnologyAdvantages and Value of the Fully Digitalized Leqi Solution

The Kailing Technology team has senior talent deeply engaged in the business-finance-tax field, with a deep understanding of the current state and future trends of enterprise business-finance-tax operations and management, using industry experience to provide customers with suitable system management solutions and information technology services, able to address the fully digitalized e-invoice and Leqi upgrade needs of enterprises of different sizes across industries.

Kailing TechnologyBased on deep exploration in professional fields such as invoices, finance, tax, and chain, we have accumulated rich software and hardware adaptation capabilities and scenario solution experience, and can meet the needs of enterprises for full-scenario digital upgrading.

Technically speaking，Kailing TechnologyPossess a large number of products with independent intellectual property rights,Obtained multiple software copyrights and certification certificates, able to meet enterprises' needs across the full lifecycle of invoice, finance, tax, and chain.

In terms of system adaptability，Kailing TechnologyThe system can achieve full compatibility with software and hardware infrastructure including CPUs, operating systems, databases, and servers, forming a full-stack self-innovation application ecosystem.

In terms of industry application, currently,Kailing TechnologyBusiness coverage includes: state-owned and central enterprises, internet, high-tech, trade services, etc., achieving large-scale, mature deployment.

From the perspective of the product ecosystem，Kailing Technology TeamWith years of continuous investment in the digital "invoice, document, certificate" field, a series of solutions have been formed, including electronic invoices, electronic accounting archives, expense management, supply chain collaboration, and digital technology, capable of meeting the long-term needs of enterprise digital construction.

PassedKailing TechnologyThe fully digitalized Leqi solution, on the premise of ensuring information security,Help enterprises achieve intelligent invoicing and intelligent invoice use, meet various compliance and risk control requirements, ultimately achieve business-finance integration, and promote enterprise digital transformation.

If your enterprise is preparing to launch a fully digitalized e-invoice and Leqi platform, you are welcome to contact Kailing Technology. Our business experts will guide you hand in hand to quickly connect to the Leqi platform, meeting the needs of full lifecycle management of fully digitalized e-invoice issuance, circulation, and storage, and providing continuous support for future full-link digital upgrading.

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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.