China's railway passenger service has fully adopted digital invoices, a move aimed at streamlining reimbursement processes and cutting costs for rail operators.
Starting Nov 1, passengers will be able to download digital invoices for the tickets they buy on the 12306 railway ticket booking system, according to a notice issued by the State Taxation Administration, the Ministry of Finance and China State Railway Group.
With the roll-out of digital invoices, passengers will no longer need to print paper tickets at train stations or self-service ticket machines for reimbursement.
The use of digital invoices is also expected to improve the efficiency of companies in handling reimbursement, accounting and archiving, and slash the costs of printing and maintenance of self-service ticket machines of rail operators.
According to the notice, railway ticket buyers will be able to apply for digital invoices within 180 days after the completion of a journey or payment of ticket refund (change) fees on the Railway 12306 app.
Additionally, the payment will be synchronized to buyers' tax accounts on Individual Income Tax App (which is used for annual tax declaration), through which, buyers can inquire about, verify, download, print out, and use their digital invoices. Buyers can also verify their digital invoices via the National Portal for Value-added Tax Invoice Verification (https://inv-veri.chinatax.gov.cn).
Source: International Service Shanghai and Beijing Service
https://english.shanghai.gov.cn/
https://mp.weixin.qq.com/s/n2J3-qX4npIpkf6qXB_FmA
