Electronic invoices are not exactly the same as VAT invoices, although they are both tools for recording transactions and collecting taxes. Here are some of the main differences between them:
1. Form: VAT invoices are usually printed in paper form and then provided by the seller to the buyer. Electronic invoices are generated and transmitted electronically and can be sent to the buyer by e-mail, e-commerce platform or other electronic means.
2. Storage method: VAT invoices usually need to be filed in paper form, while electronic invoices can be stored in electronic form without occupying physical space.
3. Security: In order to prevent forgery and tampering, VAT invoices usually adopt special anti-counterfeiting technologies, such as anti-counterfeiting seals and anti-counterfeiting codes. Electronic invoices can be protected by digital signature and encryption.
4. Environmental protection: Compared with paper-based VAT invoices, electronic invoices are more environmentally friendly because they do not need paper and ink.
5. Legal provisions: Different countries and regions may have different legal provisions on electronic invoices and VAT invoices. In some countries and regions, electronic invoices may need to meet specific legal requirements and technical standards before they can be recognized.
It should be noted that electronic invoices can usually be used as legal transaction records and tax payment vouchers, but the specific legal provisions may vary from country to country. If you need more detailed information, it is recommended to consult local tax professionals or lawyers to ensure that your business complies with relevant laws and regulations.
Electronic invoice and VAT invoice are different in concept, form and application scenario. First of all, electronic invoices refer to invoices generated, transmitted and stored electronically, while VAT invoices are paper invoices. Secondly, electronic invoices can be applied, issued and delivered online through the Internet, while VAT invoices need to be issued and collected by physical stores or offices. In addition, the application scenarios of electronic invoices are more suitable for e-commerce and online transactions, while VAT invoices are more commonly used in traditional physical retail and service industries. To sum up, there are differences between electronic invoices and VAT invoices in form and application scenarios, so it is very important to choose the appropriate invoice type according to specific business needs.
Legal basis:
Regulations for the Implementation of the Enterprise Income Tax Law of People's Republic of China (PRC) (revised on 20 19): Chapter VI Special Tax Adjustment Article 111 The reasonable methods mentioned in Article 41 of the Enterprise Income Tax Law include: \n (1) The comparable uncontrolled price method refers to the method of pricing according to the prices of the same or similar business transactions between unrelated parties; \n (2) Resale price method refers to the pricing method of deducting the sales gross profit of the same or similar business from the price of goods purchased by related parties and resold to non-related parties; \n (3) Cost additive process refers to the method of pricing according to cost plus reasonable expenses and profits; \n (4) Transaction net profit method refers to the method of determining profits according to the net profit level obtained by non-related parties in the same or similar business dealings; \n (5) Profit division method refers to the method of distributing the consolidated profits and losses of an enterprise and its related parties among all parties by adopting reasonable standards; \n (6) Other ways in line with the principle of independent trading.