In addition, e-Invoices must be archived electronically for a minimum of 10 years. The invoicing system in China is based on the mandatory issuance of invoices (e-Fapiao) through the Golden Tax System, the government's central platform.Īfter validation, the invoices are assigned a unique identification code to avoid tax fraud and are returned to the issuer, who can then distribute them by various means: email, sending a QR code, SMS, hard copy of the e‑Fapiao, etc. It affects the B2B area.Į-Invoicing System in China – Golden Tax System The special e-Fapiao is the one that allows the deduction of VAT and on which the pilot program is developed. ![]()
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