Electronic invoices will soon be available for the first time at brick-and-mortar stores on a trial basis, as part of a government plan to gradually replace paper receipts with e-invoicing by 2012, the Ministry of Finance said.
Customers who shop with smart cards or store membership cards at 27 designated 7-Eleven and Hi-Life convenience stores, or at Pxmart supermarkets, yesterday began to have their purchase information and invoice numbers automatically transferred to a database operated by the ministry’s Financial Data Center, Minister of Finance Lee Sush-der (李述德) said.
Other devices with built-in chips or radio-frequency identification, such as watches and cellphones, will also be used for e-invoicing in later stages of the project, Lee added.
About 11.5 billion invoices are printed every year, according to statistics. If 8 billion paper receipts could be replaced by electronic invoices a year, 80,000 trees could be saved, Lee said.
In an attempt to conserve resources, the ministry has decided to push for comprehensive e-invoicing to make shopping more convenient and eco-friendly.
The reform is estimated to reduce the invoice process cost by NT$7.4 billion (US$248 million) between this year and 2013. The reduction is forecast to reach as much as NT$120 billion once the whole country is using paperless invoices, Lee added.
Two further stages of the e-invoicing trial will take place at more shops and retailers in March and June, the ministry said.
Currently, online shops, TV shopping channels and -business-to-business firms have all already taken advantage of electronic billing since the ministry set up an e-invoice platform in 2006.
GREAT POWER COMPETITION: Beijing views its military cooperation with Russia as a means to push back against the joint power of the US and its allies, an expert said A recent Sino-Russian joint air patrol conducted over the waters off Alaska was designed to counter the US military in the Pacific and demonstrated improved interoperability between Beijing’s and Moscow’s forces, a national security expert said. National Defense University associate professor Chen Yu-chen (陳育正) made the comment in an article published on Wednesday on the Web site of the Journal of the Chinese Communist Studies Institute. China and Russia sent four strategic bombers to patrol the waters of the northern Pacific and Bering Strait near Alaska in late June, one month after the two nations sent a combined flotilla of four warships
‘LEADERS’: The report highlighted C.C. Wei’s management at TSMC, Lisa Su’s decisionmaking at AMD and the ‘rock star’ status of Nvidia’s Huang Time magazine on Thursday announced its list of the 100 most influential people in artificial intelligence (AI), which included Taiwan Semiconductor Manufacturing Co (TSMC) chairman and chief executive officer C.C. Wei (魏哲家), Nvidia CEO Jensen Huang (黃仁勳) and AMD chair and CEO Lisa Su (蘇姿丰). The list is divided into four categories: Leaders, Innovators, Shapers and Thinkers. Wei and Huang were named in the Leaders category. Other notable figures in the Leaders category included Google CEO Sundar Pichai, Microsoft CEO Satya Nadella, OpenAI CEO Sam Altman and Meta CEO and Facebook founder Mark Zuckerberg. Su was listed in the Innovators category. Time highlighted Wei’s
EVERYONE’S ISSUE: Kim said that during a visit to Taiwan, she asked what would happen if China attacked, and was told that the global economy would shut down Taiwan is critical to the global economy, and its defense is a “here and now” issue, US Representative Young Kim said during a roundtable talk on Taiwan-US relations on Friday. Kim, who serves on the US House of Representatives’ Foreign Affairs Committee, held a roundtable talk titled “Global Ties, Local Impact: Why Taiwan Matters for California,” at Santiago Canyon College in Orange County, California. “Despite its small size and long distance from us, Taiwan’s cultural and economic importance is felt across our communities,” Kim said during her opening remarks. Stanford University researcher and lecturer Lanhee Chen (陳仁宜), lawyer Lin Ching-chi
Taiwan-Japan Travel Passes are available for use on public transit networks in the two countries, Taoyuan Metro Corp said yesterday, adding that discounts of up to 7 percent are available. Taoyuan Metro, the Taipei MRT and Japan’s Keisei Electric Railway teamed up to develop the pass. Taoyuan Metro operates the Taiwan Taoyuan International Airport MRT Line, while Keisei Electric Railway offers express services between Tokyo’s Narita Airport, and the Keisei Ueno and Nippori stations in the Japanese capital, as well as between Narita and Haneda airports. The basic package comprises one one-way ticket on the Taoyuan MRT Line and one Skyliner ticket on