China

Type of Compliance: Clearance
Document Storage Requirement: 10 years

China’s State Taxation Administration (‘STA’) introduced the special e-fapiao e-invoice system in 2020 and has been expanding the mandate regionally with the most recent expansion in January 2023. The mandate applies to businesses with a turnover above RMB 5 million per annum. Invoices contain a digital signature and QR Code. Tradeshift is the only company offering cross-zone fapiao e-invoicing capabilities in China, and our platform is available in 26 languages, including Chinese simplified and Chinese traditional, to ensure a seamless and localized user experience.