Compared with domestic invoices, most foreign invoices not only have no tax department seal, but some even use handwriting.
The payment process abroad is like this:
The seller issues an invoice to the buyer, which lists the details of the transaction, such as the name, quantity and price of the goods. After receiving the invoice, the buyer shall pay according to the above amount and account number. Take the initiative to declare income when paying taxes.
Domestic "invoice" is a means of tax control, and a company can't escape tax when issuing invoices. Invoices can be issued regardless of whether the actual payment has been paid. In some cases, the first party requires an invoice.
Different operating methods at home and abroad make some seemingly identical words easily misunderstood. For example, if you want an invoice and send n emails to foreign contacts, what you want is the invoice mentioned above.
Extended data:
Overseas reimbursement is as follows:
I. Reimbursement of foreign invoices
Unlike domestic invoices, overseas invoices need formal tax supervision. Sometimes it's like a shopping receipt, and sometimes it's just a receipt. After you get the overseas invoice, please ask the relevant leaders of the unit to sign it, and you can reimburse it like a regular domestic invoice.
Second, the solution of overseas expense reimbursement.
Founded in 2008, Expensify is an enterprise-oriented expense management service platform, which supports importing expense lists through websites and mobile applications. The principle is that you can take out the paper receipts, take photos and enter the transaction details, and then you can throw away the paper receipts. Expensify can generate financial bills for users after incorporating the original financial bill data, and then send the bills to your boss by email for him to check reimbursement.
Expensify integrates many travel service providers, including Uber, Priceline, NexTravel, NuTravel, Egencia, Locomote, Rocketrip and price comparison search websites, such as Hipmunk, Airbnb, GetThere, Amadeus and Atlas Travel. As long as users spend on these partners' platforms, reimbursement vouchers will be automatically sent to Expensify's platform.
The way of taxation in America:
The United States implements a voluntary tax payment system, and citizens calculate their own taxes according to the tax law.
The United States implements a voluntary tax system. Americans with income sources, whether from salary or investment, must fill in the 1040 form every year, truthfully declare their income in that year to the IRS, and calculate the annual tax payable according to the tax laws enacted by Congress and the President.
The interest on home loan is very high. In order to encourage people to buy houses, the government reduces the loan interest of buyers when filing tax returns. When people apply for school loans or buy energy-efficient cars, they can apply for interest reduction when filing tax returns. If you are engaged in low-income jobs or pay medical expenses, you can also apply for tax relief.
References:
Baidu encyclopedia-invoice