Step into Leqi Services and Explore the Mystery of Leqi's "Superpowers"

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 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 rule-open, standard-unified fully digitalized e-invoices and other tax-related services (hereinafter referred to as "Leqi Services").

Leqi for self-use (Natural System Connection for Self-use, 'NSCS') means that the Leqi services provided by the enterprise's own information system directly connected to Leqi (hereinafter referred to as the "direct connection platform") apply only to the entity itself and its subordinate entities, and not primarily for obtaining economic benefits. Subordinate entities include group enterprise member entities, equity-controlled entities, etc.

Service Targets

The direct connection entity and user entities respectively assume the following responsibilities:

The direct connection entity is responsible for interfacing with the Leqi Platform, inviting or authorizing user entities to use Leqi services and promptly maintaining the ledger of association relationships between both parties; in accordance with tax authority requirements, supervising the operation of the direct connection platform and the daily tax-related behavior of user entities, urging user entities to promptly summarize and upload issued invoice data; promptly reporting relevant tax-related data as required by tax authorities, and bearing security responsibility for relevant data within the direct connection platform; may authorize its affiliated enterprises to build and manage the platform, and may also authorize third-party enterprises without affiliation to build the platform. The direct connection entity shall properly perform maintenance and support work related to change reporting, version updates, qualification renewal, and termination management.

A user entity shall accept the tax-related supervision implemented by the direct connection entity in accordance with tax authority requirements, and upload relevant tax-related data on time as required by the tax authority.

Advantages of "Leqi"

1、 Cost advantages

Leqi Direct Connection requires no equipment and simplifies tax control operations, with fully digital processing throughout, greatly reducing enterprise invoice issuance costs;

2、 Easy integration

Leqi's rich capability interfaces allow enterprises to choose different interface combinations according to business needs to complete business functions, meeting enterprises' multifaceted needs for invoice processing;

3、 Business-finance integration

Leqi fully digitalized de-layout, the invoice format of data messages, can accelerate enterprises' digital internal business-finance-tax integration transformation, such as reimbursement, bookkeeping, electronic accounting archives, accounts receivable and payable, and advance enterprise digital reform;

4、 Social effects

Through the Leqi ecosystem, digital accounts and other features improve the digital communication efficiency and business processing efficiency of upstream and downstream enterprises;

5、 Centralized control

Completing integrated invoice issuance and use processing through a single Leqi channel will further advance enterprise tax sharing construction and centralized control;

6、 Compliance

Leqi's business processing rules are very transparent, reducing the risk of enterprise invoice issuance errors and better standardizing our company's tax processing procedures.。

Changes "Leqi" brings to enterprises

I. Output VAT Invoice Management

1. In 2025, fully digitalized e-invoices will inevitably complete comprehensive promotion, and dual-track operation for enterprises is unavoidable;

2. Credit limit control, monthly credit, with volatility, requiring financial attention;

3. Leqi facilitates centralized group control and helps groups standardize invoice content control, issuance process control, etc.;

4. Strict control of the red-letter invoice issuance process.

II. Input VAT Invoice Management

1. Fully digitalized e-invoices have the capability to efficiently build a full input VAT invoice pool, covering all invoices within two years, uncertified invoices beyond two years, and fully digitalized output VAT invoices;

2. Through status information acquisition, invoice risk and purpose status (reversal, abnormality, accounting, deduction, etc.) can be obtained in a timely manner when using invoices;

3. Invoice authenticity can be verified from the internal invoice pool to save costs.

III. Employee Reimbursement

1. Fully digitalized e-invoices retain personal information, so employee reimbursement can be considered to shift from front-end upload to retrieval from the enterprise invoice pool;

2. Electronic itineraries and electronic train tickets automatically enter the digital account. Corporate travel platform enterprises can directly archive, verify, and deduct them, but must consider the paper-electronic parallel stage;

3. Invoice verification becomes information validation and can no longer be resolved through seal and signature verification.

IV. Supply chain collaboration

Leqi Joint Use, the other-use model makes collaborative direct-connection invoicing more convenient, helping enterprises handle complex three-document matching issues.

V. Business-finance-tax-capital-archive integration

1. Fully digitalized e-invoices come in three formats, and the Ministry of Finance archiving standard requires XML format, so enterprises need to prepare for handling multiple formats;

2. For existing invoices involving XML archiving, this can be achieved through manual download or batch conversion (generating XML per tax bureau standards);

3. Fully digitalized e-invoices facilitate the integration of business-finance-tax-capital-archives; enterprises should plan well in advance to respond to tax authority big data audits.

Six, Comprehensive management

1. For large groups with small-scale subsidiaries, the group may consider multiple access units; if there is a single access unit, the headquarters needs to bear management responsibility;

2. From dual-track operation to single-track operation, understand the impact of fully digitalized e-invoices, and group enterprises should prepare switching strategies (timing, system preparation, etc.) in advance.

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.