China will implement the electronic invoice and it is expected to begin mandating companies to adopt the invoice I 2021. Since 2020 31 regions have adopted the voluntary pilot program. The program has been promoted by the China Tax Bureau (CTB). Currently paper invoicing still exists, and the adoption of e-invoicing is voluntary.
The Chinese invoicing system is called the Golden Tax System or Fapiao System. The China Tax Bureau (CTB) oversees its development.
Source Edicom
Latest Posts in "China"
- China Releases Draft VAT Implementation Regulations for Public Consultation Ahead of 2026 Law Launch
- Shell Companies Exploit Agricultural Tax Benefits, Issue Fraudulent Invoices Worth 30 Billion Yuan
- Chengdu Tax Bureau Investigates Sichuan Logistics Firm for VAT Fraud and Tax Evasion
- Pingtan Tax Bureau Cracks Down on Agricultural Tax Fraud and Fake VAT Invoice Scheme
- China’s New VAT Refund Policy for Taxpayers Begins September 2025
