![]() ![]() In comparison, the normal VAT electronic fapiao and conventional fapiao looks more complicated as below: The samples of the fully digitalized electronic fapiao can be found below: The six types are special VAT fapiao, general VAT fapiao, special VAT e-fapiao, general VAT e-fapiao, fully digitalized special VAT e-fapiao, and fully digitalized general VAT e-fapiao. With their introduction, there will be a total of six kinds of fapiao co-existing in China during the country’s ongoing fapiao system reforms. The fully digitalized e-fapiao will also look neater, with only 17 items of content: dynamic QR code, invoice number, issuance date, buyer information, seller information, project name, specification and model, unit, quantity, unit price, amount, tax rate/levy rate, tax amount, total, ad valorem and tax total (in words and figures), remarks, and invoice. Like other VAT electronic fapiao, it has no invoice copies (normal paper fapiao consists of the stub copy, the deduction copy, and the account-keeping copy for the fapiao issuers and receivers to keep and use). It has the same legal effect and usage as the existing paper fapiao but has no sheets. ![]() The fully digitalized e-fapiao is a completely new type of electronic invoice. In this article, we’ll introduce the key features of fully digitalized e-fapiao, walk you through the pilot fully digitalized e-fapiao programs in 20, and explain the potential impacts of fully digitalized e-fapiao on your businesses. This means the special tax control equipment, such as golden tax USB disk, tax control USB disk, and tax UKey, are no longer needed.įollowing the introduction of the normal VAT e-fapiao and the construction of the Golden Tax System Phase IV, the fully digitalized e-fapiao marks the latest effort by the Chinese government to promote the digital upgradation and intelligent transformation of tax collection and administration and reduce the cost of tax management. Under the fully digitalized e-fapiao programs, a national unified e-invoicing service platform (to be launched yet) will provide pilot taxpayers 24-hour online services to issue, deliver, and verify fully digitalized e-fapiao free of charge. ![]() The fully digitalized e- fapiao program is expected to be rolled out nationwide by 2025. In 20, the pilot program of fully digitalized e-fapiao keeps expanding, with a broader scope of taxpayers being able to issue and accept fully digitalized e-fapiao. The pilot program of fully digitalized e-fapiao kicked off on December 1, 2021, when selected taxpayers in Shanghai, Guangdong (Guangzhou, Foshan, Guangdong-Macao Intensive Cooperation Zone), and Inner Mongolia (Hohhot) started to issue and accept fully digitalized e-fapiao. Starting from October 28, 2022, the pilot program of issuing fully digitalized e-fapiao was expanded to selected taxpayers in Sichuan province.įully digitalized e-fapiao, which are electronic invoices (e-invoices), is a completely new type of electronic invoice, which is different from the previously introduced normal value-added tax (VAT) e-fapiao and the traditional paper fapiao but has the same legal effect. ![]() Starting from November 30, 2022, the pilot program of issuing fully digitalized e-fapiao was expanded to selected taxpayers in Xiamen.It is clarified that taxpayers in Shanghai will not need to use special or ordinary VAT electronic invoices from the dates when they are included in the pilot program. Starting from January 20, 2023, the pilot program of issuing fully digitalized e-fapiao in Shanghai was expanded to cover all newly registered taxpayers.Starting from January 28, 2023, the pilot program of issuing fully digitalized e-fapiao was expanded to selected taxpayers in Chongqing, Qingdao, Dalian, Tianjin, and Shaanxi provinces.Starting from March 22, 2023, the pilot program of issuing fully digitalized e-fapiao was expanded to selected taxpayers in Henan and Jilin provinces.Starting from March 30, 2023, the pilot program of issuing fully digitalized e-fapiao was expanded to selected taxpayers in Shenzhen (Guangdong province), Ningbo (Zhejiang province), Fujian province, and Yunnan province.For more information, please contact Helen Bao and Ada Zhou. We discuss the expansion of e-invoicing in China as the digital e-fapiao program widens its pilot roll-out with unique features. ![]()
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