Five key questions about e-Invoicing in China

The Chinese government introduced an electronic invoice system called the e-Fapiao system in 2020. This is planned as a five-year digitalization process that will see the implementation of electronic invoices increasing across the country.

• 1.  Will the e-invoicing mandate come into effect for all taxpayers at the same time or will there be a gradual implementation?
• 2. What are the formatting and technical requirements of the electronic invoices going to be?
• 3. What are the main ways of generating, transmitting, and receiving electronic invoices according to the new regulation?
• 4. What information should electronic invoices contain?
• 5. Is the electronic signature requested before the transmission of the invoices?

Source SNI

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