Core Viewpoint - The Industrial and Commercial Bank of China (ICBC) Liuzhou Branch has successfully implemented a reverse invoicing "Recycling Cloud" business for metal recycling, addressing compliance issues in the waste material recovery industry and significantly enhancing operational efficiency [1][2]. Group 1: Industry Development - The resource recycling industry is rapidly developing, with companies facing tax compliance challenges when purchasing waste materials from individuals who cannot provide VAT invoices [1]. - The State Administration of Taxation has announced a policy allowing resource recovery enterprises to issue reverse invoices, alleviating the tax burden caused by the inability to obtain initial invoices [1]. Group 2: Business Process Improvement - The reverse invoicing model requires recovery enterprises to pay for goods upfront, upload invoices to the tax system, and manually issue VAT invoices, resulting in a cumbersome process [1]. - ICBC has integrated the entire reverse invoicing process into the "Recycling Cloud" app, providing features such as invoice issuance, tax prepayment, and tax collection, creating a streamlined operation [2]. Group 3: Operational Efficiency - The new system allows enterprises to complete the entire financial process online with a single operation, significantly improving operational efficiency and reducing costs [2]. - Since its launch in September, ICBC has successfully implemented three "Recycling Cloud" projects and issued approximately 12,000 yuan in special invoices [2]. Group 4: Future Plans - ICBC Liuzhou Branch plans to deepen scenario exploration and extend digital financial services to enhance service quality and contribute to the high-quality development of the green circular economy in Liuzhou [2].