Jan 29, 2021 · In China, fapiao (meaning invoice) is a tax receipt and works as an important accounting voucher for taxpayers to support the legitimacy of their economic activities. Enterprises registered in China are currently eligible for issuing two types of invoices, hereinafter referred to as fapiao:

Apr 22, 2024 · Chinese E-invoice use technical means such as electronic signatures and electronic seals to ensure the authenticity and tamper-proofing of invoice information. After enterprises and consumers receive electronic invoices, they no …

Feb 2, 2024 · Fapiao (in Chinese: 发票) refers to the receipt and payment vouchers issued and collected during the purchase and sale of goods, provision or acceptance of services and engagement in other business activities.

In China, fapiao (meaning invoice) is a tax receipt and works as an important accounting voucher for taxpayers to support the legitimacy of their economic activities. Enterprises registered in China are currently eligible for issuing two types of invoices, hereinafter referred to as fapiao:

This advisory will explain (1) what a is, (2) the different types of fapiao fapiaos and receipts in China, (3) how fapiaos can be misused for fraud, embezzlement, and corruption, and (4) ways to counter these schemes to minimize compliance risk.

Feb 9, 2023 · There are two main types of Fapiao invoices in China: General Fapiao and Special Fapiao. General Fapiao is used for normal transactions, while Special Fapiao is used for specific purposes such as exports, tax-free transactions, or transactions between government agencies.

Jul 2, 2021 · China's e-fapiao system is an electronic VAT invoicing process that cuts red tape, streamlines compliance procedures, and seeks to prevent receipt abuse.

Apr 12, 2022 · Fapiao shall also be affixed with the seller's invoice seal. Entities are obliged to issue fapiaos for the provision of services or sale of goods. If a company refuses to issue a fapiao to a buyer, the buyer may report the company to the tax bureau.

Learn how e-fapiao streamlines tax administration, fosters transparency and boosts efficiency for companies in China in our comprehensive guide.

Aug 16, 2019 · Fapiao seal. The fapiao seal is required to issue official invoices. A fapiao without this stamp is not valid and therefore cannot be used as part of a business expense claim. Department Seal. Far less common than the seals above, the department seal can be a very useful tool for larger corporations.