Illustration: What precautions are there for issuing red-letter fully digitalized e-invoices through the electronic invoice service platform?

To implement the requirements of the "Opinions on Further Deepening the Reform of Tax Collection and Administration" issued by the General Office of the CPC Central Committee and the General Office of the State Council and to further advance the reform of invoice electronification, the State Taxation Administration issued the "Announcement of the State Taxation Administration on Promoting the Application of Fully Digitalized E-Invoices" (State Taxation Administration Announcement No. 11 of 2024), clarifying that, on the basis of the positive results achieved in the earlier pilots, fully digitalized e-invoices (hereinafter referred to as "fully digitalized e-invoices") will be officially promoted and applied nationwide starting from December 1, 2024. Today we help you understand:What precautions should be taken when issuing red-letter fully digitalized e-invoices through the electronic invoice service platform? ↓

(1) If a red letter invoice needs to be issued, issue the red letter invoice within the amount range of the corresponding blue letter invoice.

(II) If a red-letter fully digitalized e-invoice is issued in the same month as the blue-letter fully digitalized e-invoice, the electronic invoice service platform will simultaneously increase the remaining invoice quota; if the red-letter fully digitalized e-invoice is issued across months, the electronic invoice service platform will not increase the remaining invoice quota.

(3) If a red-letter paper invoice is issued in the same month as the blue-letter paper invoice, or if an issued blue-letter paper invoice is voided, the electronic invoice service platform shall simultaneously increase its remaining invoice amount; if a red-letter paper invoice is issued across months, the electronic invoice service platform shall not increase its remaining invoice amount.

Example:Taxpayer Company U, total invoice quota for October 2024 is 7.5 million yuan.

From October 1 to 5, 2024, Company U issued invoices totaling 1 million yuan. On October 6, it issued a red-letter fully digitalized e-invoice of 100,000 yuan (corresponding to a blue-letter fully digitalized e-invoice issued on August 25, 2024, amounting to 100,000 yuan). On October 7, it issued a red-letter fully digitalized e-invoice of 500,000 yuan (corresponding to a blue-letter fully digitalized e-invoice issued on October 3, 2024, amounting to 500,000 yuan). Then the remaining invoice quota on October 8 is 7 million yuan (7.5 million yuan - 1 million yuan + 500,000 yuan = 7 million yuan). Since issuing a red-letter fully digitalized e-invoice across months does not increase the remaining invoice quota, the 100,000 yuan red-letter fully digitalized e-invoice issued on October 6 is not included in the calculation of the remaining invoice quota.

Source: State Taxation Administration

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