Golden Tax Phase IV (金税四期)

Central tax-administration system of mainland China.

Definition

The Golden Tax System (金税工程) matches each issued fapiao against the corresponding received fapiao to detect VAT fraud. Phase IV extends Phase III by linking tax and non-tax data (banks, registries, social security) and by integrating the issuance and control of the 全电发票.

Origin

Programme run by the State Taxation Administration (STA); Golden Tax Phase III operational since 2016, Phase IV announced in 2020 and rolled out progressively alongside the nationwide e-fapiao.

Example in context

Automatic matching: a special VAT fapiao claimed as input credit by the buyer is reconciled in real time against the fapiao declared by the seller; any mismatch triggers a risk alert.

Related terms

• 全电发票 (e-fapiao) — invoice issued on its platform.