In the e-tax bureau invoicing module, the seller’s identity information, purchased item details, quantity, unit price, and payment amount are entered, and the system automatically verifies and generates a digital invoice, making the entire process efficient and smooth!” Recently, Wang Yanli, the financial person in charge of Jiyuan Yuehua Environmental Protection Technology Co., Ltd., said happily while holding a newly issued invoice for more than 400,000 yuan.

The company was established in 2022. Its main business is purchasing used lead-acid batteries from individuals. After standardized collection and sorting, it supplies them to large waste disposal enterprises with hazardous waste treatment qualifications in Jiyuan. It serves as an important hub connecting informal scattered recycling with standardized hazardous waste disposal, and linking the upstream and downstream of the regenerated lead industry chain.

In the common used material recycling business, the seller is usually an individual. They often sell scrap products to recycling enterprises in a “invoice-free” manner, which prevents enterprises from deducting input VAT and makes it difficult to obtain compliant VAT invoices as pre-tax deduction vouchers. This has long posed the industry-wide challenge of “missing the first invoice,” not only constraining the company’s own business expansion, but also affecting the stability of upstream raw material supply and the tax compliance of the entire chain. In response, the Jiyuan tax bureau took the initiative to provide front-end services. After receiving the company’s application for “reverse invoicing” and related materials, it quickly set up a dedicated guidance team, conducted in-depth on-site inspections at the company’s plant, and verified the authenticity of the business by cross-checking inbound warehouse receipts, weighing records, fund payment records, and vehicle operation traces. It accurately identified applicable business scenarios and guided the company step by step to become proficient in the operating procedures of the e-tax bureau, ensuring that policies are implemented quickly and in a standardized manner.

“Now the company can directly issue ‘reverse invoicing’ for the seller, which is more efficient, more compliant, and gives us greater confidence in development. Since obtaining the qualification in March, we have issued a cumulative total of VAT invoices worth 11.645 million yuan.” Wang Yanli said.

Speaking about the next step, the relevant person in charge of the Jiyuan tax bureau said that they will continue to focus on enterprise concerns, optimize full-process service measures, rely on big tax data to strengthen ex-ante, in-process, and post-event risk prevention and control, guide the recycling industry toward standardized and scaled development, and contribute to the vigorous development of Jiyuan’s circular economy.