Guangzhou Nansha will fully implement VAT electronic ordinary invoices and blockchain electronic invoices

According to Xinhua News, from January 1, 2020, the Nansha District Taxation Bureau will comprehensively implement electronic value-added tax invoices and blockchain electronic invoices in Nansha District, while canceling paper invoices. Nansha will become the first administrative region in the province to fully implement electronic ordinary invoices. At that time, taxpayers in Nansha District will be able to quickly and easily apply for the use of VAT electronic ordinary invoices and blockchain electronic invoices, and Nansha will take the lead in fully implementing the "electronicization" of ordinary invoices. The person in charge of the Collection Management Section of the Taxation Bureau of Nansha District introduced that the "blockchain + taxation" model has the advantages of fast application and invoicing, convenient storage and inquiry, and clear accounting and reconciliation. The use of VAT electronic ordinary invoices and blockchain electronic invoices by taxpayers can effectively save billing costs and eliminate false invoices.