From "e-invoice" to "fully digitalized e-invoice," what exactly is the essential change?

· January 2016: VAT electronic ordinary invoices were fully promoted;

· August 2020: the first VAT electronic special invoice was issued in Ningbo;

· August 2022: the pilot for receiving "fully digitalized e-invoices" achieved full coverage;

· March 2023: "fully digitalized e-invoices" were upgraded and renamed "fully digitalized e-invoices."

As technology continues to advance, the process of paperless invoicing has undergone three major leaps, from e-invoices to fully electronic invoices, and then to fully digitalizedIssueinvoice. If the VAT electronic special invoice is regarded as version 1.0 of paperless invoices and the fully digitalized invoice is version 2.0 of paperless invoices, then the fully digitalizedIssueinvoice is version 3.0 of paperless invoices.

Compared with other electronic invoices, fully digitalizedIssueinvoices have undergone essential changes, mainly reflected in two aspects: full domain coverage and full element coverage.

Full domain coverage

From the broader perspective of electronic accounting vouchers, full-domain coverage means "no longer limited to specific invoice types and specific industry sectors," i.e., covering all invoice types and all industries. The state recently published accounting data standards for 9 categories of electronic vouchers. In addition to fully digitalizedIssueIn addition to the invoice itself, it also includes special and ordinary VAT electronic invoices (including VAT electronic ordinary invoices and VAT electronic special invoices), electronic invoices (railway electronic tickets), electronic invoices (air transport electronic ticket itineraries), fiscal electronic receipts, electronic general payment books for non-tax revenue, bank electronic receipts, and bank electronic statements.

Full element coverage

The data structure of invoices has expanded from the information on the invoice itself to business information related to the invoice, such as contract numbers, the linkage status between business documents and invoices, and bank receipt numbers. After the rollout of fully digitalized e-invoices, finance staff can skip sales staff to complete invoice receipt and reconciliation, that is, directly download input VAT invoices through the platform while reconciling, matching invoices, and making payments with suppliers online, greatly increasing operational convenience.

In addition, from a regulatory perspective,In the pastfinancial supervision direction is mainly concentrated in the two links of invoicing and tax filing. The intermediate processes of enterprises, such as bookkeeping and invocation, are not transparent, and appropriate process spot checks can only be conducted during audits. Fully digitalized e-invoices, through full invoice type coverage and bank receipt coverage, achieve "more comprehensive monitoring of business." At the same time, information sharing and verification channels have been established among various ministries and commissions, the People's Bank of China, and other participating institutions, enabling online verification of enterprise-related personnel mobile phone numbers, enterprise tax payment status, and enterprise registration information. This means that the transparency of enterprise data information is higher, monitoring is more comprehensive, and tax audits will also be stricter, more precise, and more comprehensive.

With the continuous popularization of "fully digitalized e-invoices," China's tax collection and administration is developing from "experience-based tax management" and "invoice-based tax control" toward "tax governance by data" with classified and precise supervision. While bringing convenience to financial personnel, it also poses new challenges to enterprises.Kailing TechnologySupports full-chain management of fully digitalized e-invoices, including upload and parsing, verification, invoice data pool, invoice usage specifications, import settings, certification and deduction, etc.，Help enterprises fully embrace the era of fully digitalized e-invoices's while also, professionally and efficiently helping enterprises transform and upgrade their business-finance-tax digital management.

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 and other businesses according to enterprise needs, professionally and efficiently helping enterprises transform and upgrade their business-finance-tax digital management.

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