What Is Electronic Invoicing?

Electronic invoices are a product of the information age. Like ordinary invoices, they are issued to businesses in a unified manner by the tax bureau. Invoice numbers are uniformly coded nationally, and unified anti-counterfeiting technology is used to allocate to the merchants. The electronic tax bureau is attached to the electronic invoice. Signature mechanism ^[1] .

Electronic invoice

The electronic invoice is

Early 2012

In mid-May 2012, the National Development and Reform Commission issued the "Notice on Organizing the Pilot Project of E-Commerce in National E-Commerce Demonstration Cities". Relevant cities may apply for the establishment of e-commerce demonstration cities, and pilot cities may request the promotion of electronic invoices. There are only five pilot cities approved for electronic invoices, namely Chongqing, Nanjing, Hangzhou, and Shenzhen ^[8]

On March 31, 2014, the reporter saw at the scene that this lottery

There are two main reasons why online shopping invoices are difficult to issue. One is that merchants deliberately do not issue invoices in consideration of cost issues; the other is that many online stores do not have a physical store, are not registered with the industrial and commercial tax department, and do not have the qualification to provide an invoice. ^[2]

Electronic invoices can enable the public sector to achieve significant savings by automating financial processes, eliminating paper transactions and expediting payments.

The use of electronic invoicing in the public sector saves an average of 0.5% to 2% on the purchase of goods and services. ^[17]

The positive significance of issuing and implementing electronic invoices is self-evident. For consumers, the invoice is the consumer's proof of purchase and an important basis for safeguarding rights. For the entire e-commerce industry, electronic invoices can standardize all e-commerce operations, reduce vicious competition after tax evasion, and reduce the cost of more enterprises. Faced with the implementation of electronic invoices, e-commerce tends to be standardized and the price of online shopping products may increase, which requires some wisdom to balance. ^[3]

The state has been committed to providing support from the "ticket-controlled tax" to "information management tax" management transformation, using blockchain technology to crack industry pain points, making invoice information sharing between platforms a reality, reducing the cost of corporate supervision, and comprehensive Enhance mutual trust, security and convenience. ^[18]

On May 18, 2017, the WeChat Electronic Invoice Communication Expense Reimbursement Solution Release Conference was grandly held. UFIDA Electronic Invoice Division, WeChat, and China Unicom joined forces to announce the launch of "WeChat Electronic Invoice-Communication Expense Reimbursement Solution" to jointly promote paperless reimbursement. ^[19-21]

Beijing Municipal Transportation Card Co., Ltd. announced that it will stop providing fixed paper invoices and fully implement electronic value-added tax invoices. Citizens can apply online anytime, anywhere through the "Beijing Card" APP, and enjoy real-time inspection, repeated downloads and permanent storage Humanized service. ^{[twenty two]}