In August 2026, the Taijiang County Tax Bureau successfully expanded the application scenario of “invoice issuance upon transaction” in the renewable resources recycling industry. By leveraging digital means to address invoice issuance challenges in the industry, it injected “tax momentum” into the circular economy.

To address issues in the renewable resources recycling industry—such as numerous individual suppliers, scattered transactions, and difficulties in obtaining evidence—which lead to non-compliant invoicing and difficulties for enterprises in claiming input tax deductions, the Taijiang County Tax Bureau conducted in-depth visits to several renewable resources recycling enterprises within its jurisdiction. It identified full-process requirements covering “transaction confirmation—data upload—automatic invoice issuance” and, leveraging the digital advantages of third-party professional service platforms, promoted a management model of “invoice issuance upon transaction, tax calculation upon invoicing.” This enables real-time collection of transaction data, automatic matching of invoice information, and immediate issuance of electronic invoices.

“Our company handles a large volume of recycling business and has many individual upstream suppliers. In the past, we had to manually register purchases of used batteries and issue supplementary invoices afterward, always worrying about omissions or recording errors. ‘Invoice issuance upon transaction’ is simple and convenient to use: invoices can be issued within seconds after a transaction is completed. Our customers are satisfied, and we have peace of mind! Going forward, we will continue to make good use of the system and ensure compliant business management,” said a finance staff member of Guizhou Qizhen Industrial Group Co., Ltd., a renewable resources recycling enterprise within the jurisdiction.

A relevant official from the Taijiang County Tax Bureau stated that it will continue to deepen the application of the “invoice issuance upon transaction” scenario, fully leverage the advantages of data empowerment, guide enterprises toward compliant operations, and promote the high-quality development of the local circular economy industry.