Understanding Golden Tax

The Golden Tax software is the authorized software for generating all VAT Invoices and VAT related reports. It is a mandatory requirement for companies operating in China to issue all VAT invoices from the Golden Tax system

Aisino is the company assigned by the Chinese Government to offer Golden Tax certified software in China. The Oracle PeopleSoft Golden Tax Adaptor (GTA) integrates with the Golden Tax software provided by the Aisino Corporation. The PeopleSoft GTA provides seamless integration between Oracle PeopleSoft Billing and the Golden Tax software system, and thus streamlines the process of creating VAT invoices.

Billable invoices created in PeopleSoft Billing are exported to Aisino Golden Tax Software. This billing information is used by the Golden Tax Software to create invoices in a specific format mandated by the Chinese Government regulations and policies. PeopleSoft and Golden Tax Software calculate the VAT information. Golden Tax Software invoice information, including VAT information, is imported into PeopleSoft either on request or periodically so that a comparison and reconciliation can be done between the two systems. Any corrections or adjustments are made manually within PeopleSoft to bring consistency between the two systems.