Effective Date: December 1, 2024
Issuing Authority: State Administration of Taxation (SAT)
China's State Administration of Taxation is implementing fully digitalised e-invoices (FDEIs) to simplify tax processes nationwide. This initiative will transform invoice management across all sectors in China. Key highlights include:
Legal and Operational Validity in China
FDEIs are replacing paper invoices, offering unified national numbering and seamless integration across platforms in China.
User Benefits Across China
Taxpayers in China can issue, verify, and access invoices through a centralised platform. Options like email and QR codes are available for ease of use.
Compliance Enhancements in China
Monthly quotas for invoice issuance are determined by credit ratings and risk assessments, ensuring robust compliance mechanisms for businesses in China.
Export Tax Refund Integration in China
Businesses must confirm FDEIs through their digital tax accounts to claim input VAT credits and export tax refunds in China.
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