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FBCS is delighted to co-host e-invoicing training together with Deloitte to share insights on fully-digitalized electronic invoices' (FDEIs) program and its implications for companies. The program is piloted in Shanghai, Guangdong and Inner Mongolia and it is anticipated to change companies' daily operations of business.
The State Taxation Administration has established a nationwide online platform to enable selected pilot taxpayers to issue, deliver, and validate FDEIs at all times and free of charge. Unlike prior pilot programs for electronic invoicing (which to a certain extent have mirrored the traditional administrative process for paper invoicing), the new pilot program aims to achievefull digitalization for the management and entire lifecycle of invoices. This will bring far-reaching changes to the daily operations of businesses and also, leverage digital technologies to capture and track all the transaction information for tax administration purposes.
FDEIs has already been in pilot run period and it is expected to be available for more local tax payers in pilot regions on quarter 2 this year. Given that the estimated roll out to nationwide is second half of this year, businesses should closely monitor the development of the program and consider necessary system upgrades or tailoring to explore more opportunities to boost transition to digitalization.
During this training, Deloitte experts will introduce the main impacts and advice for companies, covering the following topics:
Main Impacts:
- Invoice issuing and delivery changes
- Higher requirements of internal risk management
- Self-customized invoice elements in the new e-invoice world
- Full lifecycle management control of each invoice
- Plan for the electronic document archiving
- Technical strategy for new e-invoice ecology
Advice:
- Streamlining invoicing work process
- Leveraging self-customized invoice elements
- Upgrading ERP system to integrate multiple work processes
- Planning to establish electronic documentation archiving tool
- Developing technology solutions for archiving FDEIs
- Enhancing tax compliance rating
You can join the seminar either onsite, at Deloitte's office in Shanghai or online. Registered attendees will be provided with a Teams link one business day prior the event. Dial-in will start at 3.50 pm and the online event ends at 5.00 pm.
Agenda
Presentations
Speakers
James Zhao
Partner at DeloitteJames Zhao is a tax and transfer pricing partner of Deloitte China, based in Shanghai. James is one of the most experienced tax and transfer pricing economists in China, has more than 20 years of experience in tax advisory including transfer pricing planning, business model optimization, and tax and transfer pricing controversy services both in China and overseas.
James has been the preferred tax and transfer pricing tax advisor for many Fortune 500 multinational companies. James was consecutively nominated as one of the leading transfer pricing advisors by Euromoney/Legal Media in its Guide to the World's Leading Transfer Pricing Advisers since 2009.
James is also the tax leader for the life science and healthcare industry ("LSHC") in Deloitte China. He is also a key contributor to Deloitte China thought leadership publications on tax and transfer pricing. He has published articles in various professional and economic research journals, including BNA’s Transfer Pricing Report, Tax Analyst’s Tax Notes International, and CCH.
James is a frequent speaker in seminars and conferences organized by professional organizations, universities and government organizations.
Education
Doctorate in Economics, University of Monash, Australia
Master’s degree in Applied Finance, University of Macquarie, Australia
Sino-American Economics Training (Supported by "Ford Foundation"), Ren Min University, China
Bachelor’s degree in Economics , University of Wuhan, China
Kyle Zhang
Senior Manager at Deloitte ChinaKyle has 11+ year experience in IT consulting, majorly software design and implementation. Currently he is the solution manager of e-invoice in Deloitte China Tax Management Consulting team. He is also experienced in global system implementation and to help MNCs to adopt China statutory Localizations for Tax and GAAP requirements.
Kyle has been engaged in multiple projects MNCs and SOEs in various industries as project manager and solution leader. In 2011 after graduated from University of Pittsburgh, Kyle started his career in the United States as a software engineer in Fedex and Kroger for several years, and in 2017 he joined the Deloitte China Tax Management Consulting team for Tax Technology solution design & implementation as an IT consultant. In 2017 Deloitte was one of the first professional firms to provide tax digitalization services in China and Kyle was managing the very first project to deliver the invoice related automation solution service. He is also a pioneer to introduce and provide public and private cloud solutions to clients. He served for over 30 clients in industries such as Auto, Retail, Manufacturing, Hi-Tech etc.
Speakers
James Zhao
Partner at Deloitte
James Zhao is a tax and transfer pricing partner of Deloitte China, based in Shanghai. James is one of the most experienced tax and transfer pricing economists in China, has more than 20 years of experience in tax advisory including transfer pricing planning, business model optimization, and tax and transfer pricing controversy services both in China and overseas.
James has been the preferred tax and transfer pricing tax advisor for many Fortune 500 multinational companies. James was consecutively nominated as one of the leading transfer pricing advisors by Euromoney/Legal Media in its Guide to the World's Leading Transfer Pricing Advisers since 2009.
James is also the tax leader for the life science and healthcare industry ("LSHC") in Deloitte China. He is also a key contributor to Deloitte China thought leadership publications on tax and transfer pricing. He has published articles in various professional and economic research journals, including BNA’s Transfer Pricing Report, Tax Analyst’s Tax Notes International, and CCH.
James is a frequent speaker in seminars and conferences organized by professional organizations, universities and government organizations.
Education
Doctorate in Economics, University of Monash, Australia
Master’s degree in Applied Finance, University of Macquarie, Australia
Sino-American Economics Training (Supported by "Ford Foundation"), Ren Min University, China
Bachelor’s degree in Economics , University of Wuhan, China
Kyle Zhang
Senior Manager at Deloitte China
Kyle has 11+ year experience in IT consulting, majorly software design and implementation. Currently he is the solution manager of e-invoice in Deloitte China Tax Management Consulting team. He is also experienced in global system implementation and to help MNCs to adopt China statutory Localizations for Tax and GAAP requirements.
Kyle has been engaged in multiple projects MNCs and SOEs in various industries as project manager and solution leader. In 2011 after graduated from University of Pittsburgh, Kyle started his career in the United States as a software engineer in Fedex and Kroger for several years, and in 2017 he joined the Deloitte China Tax Management Consulting team for Tax Technology solution design & implementation as an IT consultant. In 2017 Deloitte was one of the first professional firms to provide tax digitalization services in China and Kyle was managing the very first project to deliver the invoice related automation solution service. He is also a pioneer to introduce and provide public and private cloud solutions to clients. He served for over 30 clients in industries such as Auto, Retail, Manufacturing, Hi-Tech etc.
