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China

Exceed compliance requirements with InvoiceAgility

Invoicing in China Highlights
China’s tax compliance is overseen by the State Taxation Administration (STA), with a VAT rate of 13% (reduced to 9% or 6% for certain sectors). E-invoicing is mandatory for B2B and B2G transactions since December 2024, managed via the Golden Tax System III with e-Fapiao, enhancing tax transparency.

Requirements Snapshot

Tax Overview

  • Tax Type: Value Added Tax (VAT) via Fapiao

  • Tax Authority: STA (State Taxation Administration)

  • Current tax rates: Standard: 13%, Reduced: 9%, 6%

  • Currency: Chinese Yuan (CNY)

Archival Overview

  • Legal archiving period: 30 years

  • Archive Location: Allowed under certain conditions

e-Signature Overview

  • e-Signature required: Mandatory

Business-to-Business (B2B)

  • Model: Clearance roll out

  • e-invoicing obligations: Mandatory nationwide since December 1, 2024

  • B2B invoicing Government Platform: Golden Tax System III

  • Invoice issuance requirements: Via Golden Tax System III with e-Fapiao

  • Invoice reception requirements: Via Golden Tax System III with e-Fapiao

  • B2B invoice formats: OFD format, PDF, XML

Business-to-Government (B2G)

  • e-invoicing obligations: Mandatory nationwide since December 1, 2024

  • B2G invoicing Government Platform: Golden Tax System III

  • Invoice issuance requirements: Via Golden Tax System III with e-Fapiao

  • Invoice reception requirements: Via Golden Tax System III with e-Fapiao

  • B2G invoice formats: OFD format, PDF, XML

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