In alignment with the “Opinions on Further Deepening the Reform of Tax Collection and Administration” issued by the Central Office and the State Office, a pioneering initiative to introduce comprehensive digital electronic invoices, commonly referred to as “all-electric invoices,” is being rolled out. This groundbreaking development aims to enhance the taxpayer experience and promote efficient tax collection and administration. This article provides an in-depth overview of the new era of all-electric invoices and outlines essential details for both taxpayers and businesses.
1. Expansion of the Pilot Program
2. Legal Equivalence of All-Electric Invoices
3. Supervision and Key Components of All-Electric Invoices
4. Invoice Number Structure
5. New Registration and Invoice Issuance
6. Streamlined Issuance Process
7. Management of Issuance Amounts
8. Digital Tax Account Functionality
9. Invoice Delivery Options
10. Enhanced User Experience
11. Verification and Deduction of VAT Input Tax for Agricultural Products
12. Invoice Entry Marking
13. Handling Errors and Red Letter Invoices
14. Interactions with Other Taxpayers
15. Invoice Verification and Information Access
16. Future Developments
17. Taxpayer Status during the Guidance Period
18. Compliance and Enforcement
19. Effective Date
Conclusion
Source: www.thesquare.blog
