Via its Chinese partner, Shanghai Yodoo Information & Technology, Basware connects its network to the Golden Tax System (GTS), enabling the validation of all local VAT invoices, known as fapiaos, against the GTS interface.
The Basware solution adds China-specific functionality for the GTS validation step allowing customers to detect invalid invoices. It is also able to process the VAT e-invoice, which the State Taxation Administration of China piloted in 2020 and rolled out to the whole country as an option at the beginning of 2021.
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