According to People's Republic of China (PRC) State Taxation Administration of The People's Republic of China AnnouncementNo. 1 (2020), the new version of electronic invoice adopts electronic signature instead of special invoice seal, that is, electronic invoice can be without special invoice seal.

There are two main differences between the old and new versions of electronic invoices:

1. Simplify the column name of "goods or taxable services and services" to "project name".

2. The original column "Seller: (Seal)" was cancelled.

It should be noted that the new version of electronic invoices is issued by taxpayers through the public service platform of the VAT electronic distribution hall (hereinafter referred to as the "public service platform").

According to State Taxation Administration of The People's Republic of China's announcementNo. 1 of 2020, Interpretation of People's Republic of China (PRC) and State Taxation Administration of The People's Republic of China, the old version of VAT electronic invoices issued by other platforms will continue to be valid.

The interpretation of Zhongyuan dialect is that the VAT electronic ordinary invoice in the format of annex 1 in the Announcement of State Taxation Administration of The People's Republic of China, People's Republic of China (PRC) on Relevant Issues Concerning the Implementation of the VAT Electronic Invoice System (No.84 of 20 15, revision No.3 of People's Republic of China (PRC) State Taxation Administration of The People's Republic of China Announcement) will continue to be valid until State Taxation Administration of The People's Republic of China makes another announcement.