Unlike the normal VAT e-fapiao and traditional paper fapiao, fully digitalized e-fapiao is a different new type of electronic invoice. Also, it has the same legal effect as previous types, under the fully digitalized e-fapiao programs 24-hour online services will be provided to the pilot taxpayers for issuing, delivering and verifying the fully digitalized e-fapiao.
Source: SNI
Latest Posts in "China"
- China Enacts Unified VAT Law for 2026, Modernizing Tax System and Digital Compliance Requirements
- China Ends Platinum Import Tax Exemption, Imposes 13% VAT, Reshaping Global Precious Metals Market
- China Ends Platinum Import VAT Exemption, Imposes 13% Tax Starting November 1
- China Expands Tourist VAT Refund Scheme to Jilin and Inner Mongolia in 2025
- Chongqing Tax Bureau Seeks Public Comments on Draft Land Value-Added Tax Policy Announcement
