Overview of the Golden Tax Adaptor

Golden Tax, or VAT invoicing software, is an integrated nationwide value-added tax (VAT) monitoring service in China.

All businesses operating in Mainland China are required to use government-certified VAT invoicing software to generate VAT invoices, VAT calculations, and statutory tax reporting. Chinese government policies require all businesses to issue all VAT invoices through the Golden Tax service.

The Golden Tax Adaptor provides integration between Oracle Fusion Receivables and the Aisino Golden Tax VAT printing system. The Golden Tax Adaptor manages the conversion of Receivables transactions to VAT invoices for China.

The Golden Tax Adaptor and the Aisino Golden Tax system together manage the processing of Receivables transactions for Golden Tax for China.

The key steps in the Golden Tax process are:

• Create or import transactions in Oracle Fusion Receivables.

• Transfer Receivables transactions to the Golden Tax Adaptor as Golden Tax transactions.

• Modify the Golden Tax transactions to conform to the requirements of VAT invoices for China.

• Generate a flat file of VAT invoices for import into the Aisino Golden Tax system

After the Aisino Golden Tax system generates VAT invoices from the Golden Tax Adaptor data:

• Import VAT invoice data from the VAT invoicing software.

• Review and compare the imported VAT invoice data with the original Receivables transaction.

• Correct any discrepancies between the VAT invoice and the original Receivables transaction.