With the comprehensive rollout of fully digitalized e-invoices, how should the invoice issuance for individuals system adapt to the latest policies?

I. Policy background of the rollout of fully digitalized e-invoices

With the comprehensive rollout of China Golden Tax Phase IV,Fully Digitalized E-invoice's promotion process continues to accelerate. By 2024, all 36 provinces and cities across the country had launched fully digitalized e-invoice pilots, which set new standards for the issuance, circulation, and archiving of fully digitalized e-invoices. As a common business form between enterprises and individuals, invoice issuance for individuals must also adapt to policy changes. The invoice issuance for individuals system developed by Kailing Technology provides strong support for invoice issuance for individuals business through technological innovation and process optimization.

II. New requirements of fully digitalized e-invoices for invoice issuance for individuals

1. Full-process digitalization

Fully digitalized e-invoices achieve full-process electronification of invoice issuance, transmission, and storage, no longer requiring paper invoices. This requires the invoice issuance for individuals system to fully connect with the electronic tax bureau to achieve real-time synchronization and sharing of invoice data.

2. Compliance and Risk Control

With big data analysis and information sharing mechanisms, China Golden Tax Phase IV strictly supervises invoice compliance. Invoice issuance systems for individuals need intelligent review functions that can automatically verify the authenticity and completeness of invoice information, effectively preventing risks such as false invoicing.

3. Multi-scenario support

Invoice issuance for individuals involves multiple scenarios such as property leasing, goods transport and construction services, and the invoicing requirements and tax calculation methods differ across scenarios. The system needs to flexibly adapt to these scenarios and support invoice issuance for different business types.

4. Efficient and convenient user experience

To improve individuals' willingness and efficiency in invoice issuance, the system needs to simplify the operation process and provide convenient invoicing methods, such as completing registration, authentication, and invoicing through a mobile APP.

III. Adaptation strategy of the Kailing invoice issuance for individuals system

    ▪ Built into the APPFace scanVerification：The system adoptsLeadingWith the integration solution, individuals can, within partner Apps (such as DidiDriver side) face-scan authentication can be performed directly, without downloading or jumping to other Apps, greatly simplifying the operation process and improving authentication efficiency.

    ▪ Multi-scenario adaptation:The system supports invoice issuance for multiple scenarios such as housing leasing, goods transport, and construction services. Taking housing leasing as an example, the system automatically brings up property information, lease term, and other content, reducing manual input workload; for freight services, the system automatically associates order data to ensure the accuracy of invoice information.

    ▪ Simplify registration and authentication:When individuals register with the electronic tax bureau for the first time, they only need to complete real-name authentication and face-scan authentication; subsequent logins do not require face scanning again. The system also supports automatic filling of personal information, reducing the trouble of repeated input.

    ▪ Intelligent review and risk alerts:During the invoicing process, the system performs intelligent review and automatically verifies the authenticity and completeness of invoice information. For example, for housing rental invoices, the system verifies the validity of property information and contracts; for freight invoices, the system verifies the authenticity of transport vehicles and cargo information. If abnormalities are found, the system promptly issues risk warnings and prompts users to verify and correct them.

   ▪ Convenient invoice management:The system supports online query, download, and printing of invoices, and individuals can view their own invoicing records and invoice details at any time. At the same time, the system also provides invoice red reversal and tax refund functions, and individuals can easily complete red reversal and tax refund operations through the system, with taxes refunded to the original route within T+1 working days.

▪ Data Security and Privacy Protection：The system uses encryption technology during data transmission to ensure the security of data transmission.

IV. Operating process of the Kailing invoice issuance for individuals system

1. Housing rental scenario

▪ Lessee initiates invoicing  

▪ Lessor initiates invoicing  

2. Goods transportation scenario

3. Invoice issuance for general goods/services

Through technological innovation and process optimization, the Kailing invoice issuance for individuals system has successfully adapted to the latest policy for the full rollout of fully digitalized e-invoices. The system achieves full-process digitalization and, with its notable features of convenience, efficiency, security, and compliance, has successfully eliminated many inconveniences in the traditional invoice issuance process for individuals. With its intelligent design concept, it achieves "zero threshold" operation. Whether enterprises or individuals, both can enjoy a convenient experience in invoice issuance for individuals, completely bidding farewell to cumbersome processes and opening a new chapter.

Welcome industries with relevant needs to contact Kailing Technology:https://www.kailingteck.com/h-col-126.html 。

As a comprehensive business-finance-tax digitalization solution service provider, Kailing Technology provides business-finance-tax management digital transformation products and operational services for various government agencies, institutions, and large, medium, and small enterprises. The product line includes:

Solutions for sales contract management system, procurement contract management system, fully digitalized Leqi interface project, automatic output VAT invoicing system, invoice issuance for individuals system, employee expense control and reimbursement system, input VAT invoice management system, supply chain collaborative reconciliation system, imaging OCR recognition system, automatic financial bookkeeping system, electronic accounting archives system and other businesses, comprehensively advancing the digitalization process across various fields.

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