2025-07-04
China is progressing in digitalizing accounting and tax processes
The Chinese Ministry of Finance recently published the Notice on Promoting the Application of Electronic Voucher Accounting Data Standards, a leap toward digitalizing financial and accounting practices. This builds on the progress made by the pilot program initiated in 2022, representing a nationwide rollout of standardized digital accounting processes.
2024-11-28
National rollout of fully digitalized e-fapiao set on 1 December 2024
The State Taxation Administration (STA) in China has officially declared the roll-out of the nationwide fully digitalized e-fapiao, starting 1 December 2024.