It's the last month of 2017, and in the blink of an eye, the strictest invoice policy has been in effect for five months. This month, another batch of tax rules is coming into effect. But first, let's share a major piece of news with you: starting next year, the national tax system will fully implement electronic management of fiscal receipts, discontinuing manual fiscal receipts.

1. Notice on the Comprehensive Implementation of the Electronic Management System for Fiscal Receipts

From January 1, 2018, the national tax system (including the Tax Cadre Training Institute, hereinafter the same) will fully carry out the electronic reform of fiscal receipts, uniformly deploy, install, and operate the electronic management system for fiscal receipts, fully implement electronic management of fiscal receipts,启用机打财政票据, and discontinue manual fiscal receipts.

2. The Ministry of Finance, in coordination with the revision of the Accounting Law, has issued a letter soliciting opinions on the revision of certain provisions in the "Measures for the Administration of Agency Bookkeeping" and the "Basic Standards for Accounting Work."

The draft for comments is divided into two parts: one on agency bookkeeping, and the other on basic daily accounting work standards. In the future, it may no longer be necessary to print general ledgers, subsidiary ledgers, bank journals, or cash journals! Moreover, vouchers that meet certain conditions may not even need to be printed!!! Say goodbye to pasting invoices!!!

3. Starting December 1, 2017, China will further reduce import tariffs on some consumer goods.

4. This year, new policies have targeted ordinary invoices, and small-scale taxpayers need to pay attention!

Since the business tax to VAT reform in May last year, coupled with the Golden Tax Phase III, cooperation between national and local tax authorities, and the upgrade of the invoice system, there has been a nationwide crackdown on false invoicing, which has uncovered many major cases and implicated countless related companies. But previously, no matter how strict the inspection, it only targeted special VAT invoices. Now, they are targeting ordinary VAT invoices, which means that both general taxpayers and small-scale taxpayers are within the scope of strict tax inspection, and no one can act recklessly. The path of buying ordinary invoices to reduce income tax is no longer viable for companies! In the past, some companies had so-called "good benefits," where each employee had a monthly reimbursement quota, and they could go to the supermarket and buy office supplies. Now, try doing that! Some companies also asked employees to find invoices everywhere to offset wages, and employees are probably crying in the bathroom...

5. The strictest invoice order has been in effect for five months; let's reiterate that these invoices can no longer be reimbursed

1. Received a VAT ordinary invoice with only the buyer's company name and no taxpayer identification number. 2. Received a roll-type VAT ordinary invoice. Description: office supplies, without specific details. 3. Received a VAT ordinary invoice. Description: office supplies, with a list, but the list was not printed from the invoicing system; instead, the seller made it themselves on A4 paper. 4. Received a training/conference reimbursement form. There is a training/conference list, but the list was not printed from the hotel system; instead, the conference organizer made it themselves on A4 paper. 5. When shopping at a supermarket, the actual purchased items are mooncakes, fruits, etc., but when issuing the invoice at the service center, the invoice content is written as office supplies, etc. (Changing the product name on the invoice) 6. Purchasing goods from Party A, but through Party A's introduction or arrangement, accepting an invoice issued by Party B. (Accepting an invoice from a third party) 7. Issuing a false invoice without any actual purchase. (Completely false invoicing)

6. From today, when issuing VAT invoices:

1. The buyer's "taxpayer identification number" must be filled in. 2. The invoice content must be truthfully issued according to the actual sales situation. 3. It is not allowed to fill in content that does not match the actual transaction at the buyer's request. 4. It is not allowed to issue invoices with vague names such as office supplies or food. 5. For invoices that summarize office supplies, food, etc., a "List of Goods Sold or Taxable Services Provided" issued by the tax control system must be attached, and stamped with the invoice special seal. For example: buying a few pens and a few notebooks at a mall. Before July 1, invoices could be issued with the vague name "office supplies"; After July 1, the invoice must print out the product name, model, and quantity. 6. From July 1, training/conference lists must be issued by the hotel system or sales system, and stamped with the invoice special seal; lists issued outside the system will no longer be accepted.

7. Reminder: These 5 types of ordinary invoices do not need to fill in the taxpayer identification number~

Since last year, the nationwide implementation of the "Golden Tax Phase III" , uniformly deployed by the State Administration of Taxation, has adopted big data and cloud computing platforms , achieving centralized national tax data, and becoming the main engine, big platform, information pool, and safety valve for standardizing tax law enforcement, optimizing tax services, controlling tax risks, and strengthening information sharing. Since July 1, 2017, VAT invoices must include the taxpayer identification number, allowing all taxpayers to enter the database with a unique identity. In this way, any matter of an enterprise will leave a record, and the big data of Golden Tax Phase III will also track the enterprise's capital flow, invoice flow, etc., and check whether the enterprise has issued false invoices or purchased fake invoices for accounting, all at a glance. All goods have product codes in the tax control system, allowing all goods to enter the big database with a unique identifier. No product can be issued with a vague "office supplies" name. For items with small quantities, the invoice can directly state the store name; for large quantities, after issuing a summary "office supplies" invoice, a "List of Goods Sold or Taxable Services Provided" must be issued using the invoicing system. In this way, the goods purchased and sold by an enterprise can be compared through codes. If the purchased goods are tobacco, alcohol, luxury goods, etc., but the invoice is issued under the category of "office supplies," the invoice bottom ledger system will detect the discrepancy.

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