Core Points - The implementation of "reverse invoicing" allows resource recovery companies to issue invoices to individual sellers, addressing the previous challenges faced by both parties in the transaction [1][2] - This policy not only reduces operational costs for companies but also stimulates consumer activity in the "old-for-new" exchange market [2] Group 1: Reverse Invoicing Mechanism - "Reverse invoicing" is a process where the buyer (resource recovery company) issues an invoice to the seller (individual), contrasting with the traditional "forward invoicing" where the seller issues the invoice [1] - The policy was introduced by the State Taxation Administration in April last year, providing specific measures and operational guidelines for resource recovery companies [1] Group 2: Impact on the Industry - The introduction of "reverse invoicing" addresses the common issue where individual sellers were reluctant to obtain invoices and pay taxes, thus benefiting both the recovery companies and the sellers [1] - Tax authorities have implemented measures to ease the burden on taxpayers, such as allowing individual sellers to benefit from small-scale taxpayer VAT exemptions and enabling electronic invoicing [2]