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China – Regulatory Updates December 2023


China, 1 December 2023

The Pilot Program for issuing fully digitized e-invoices (e-fapiao) has been expanded.

The last province of Tibet has now been added to the Pilot Program for issuing fully digitalized electronic invoices (e-fapiao) among selected taxpayers.

Accordingly, starting December 1, 2023, Tibet will carry out fully digitalized e-fapiao pilot programs among selected taxpayers. That is to say, as of December 1, 2023, all regions in the country, will allow pilot enterprises to issue fully digitalized e-fapiao through the electronic invoice service platform. The pilot program of fully digitalized e-fapiao has expanded nationwide.

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