Shanghai, Guangdong, and Inner Mongolia are piloting fully digitalized invoicing – a more advanced version of the system of e-invoicing in China. After undergoing real-name verification, taxpayers under the pilot program can obtain, issue, and verify electronic invoices through the national e-invoicing service platform, which can also be used for bookkeeping. Taxpayers will be free from getting the special tax control equipment, verifying the invoice type, and applying for obtaining the invoice. This has been the latest move by the Chinese government to upgrade the digital infrastructure and bureaucratic process of tax collection and administration.
Source: china-briefing.com
