Fapiao (发票) is China’s official invoicing system, serving as both a receipt and a tax record. Businesses must issue and collect Fapiao to comply with China’s VAT regulations. The system includes:
- Special VAT Fapiao
- General VAT Fapiao
- e-Fapiao
Fapiao is critical for different stakeholders:
- Individuals: used for proof of reimbursements, returns, and exchanges;
- Companies: essential for tax assessments and VAT credit claims (for Special VAT Fapiao);
- Government: a key tool for tax compliance and revenue tracking.
China is transitioning to a fully digital invoicing system under the Golden Tax System, aiming to improve tax reporting efficiency.
Since December 2024, all businesses must issue digital invoices. The Leqi Platform enables real-time issuance, validation, and tracking of e-Fapiao, ensuring compliance.
Rydoo supports the handling of e-Fapiao .ofd files.