Source: Learning Times
Author: Zhang Rui
As the representative achievement of blockchain technology in the field of finance and taxation, since the Shenzhen Taxation Bureau issued the first blockchain electronic invoice in the country, it has been less than a year and a half since Shenzhen registered enterprises using blockchain electronic invoices. More than 7,500 companies have issued more than 9.8 million tickets, involving an amount of more than 7 billion yuan. According to the plan, on the basis of the Qianhai pilot, from January this year, the blockchain electronic invoice will be gradually promoted in batches across the country.
For consumers, blockchain invoices can not only help reduce resource allocation costs, but also enjoy unprecedented convenience and fast service experience. Generally speaking, if there is a demand for an invoice, after purchasing goods and services, consumers must provide their name or unit ticket number to the merchant, and then spend a certain amount of time waiting for the other party to issue an invoice. Wait quietly; after receiving the paper invoice, carefully paste it to the bottom sheet in accordance with the regulations, and then sign the application to the leadership of the unit, then carefully hand over the endorsed invoice to the financial staff, and then Wait for half a week or more before you can see the reimbursed funds returned to your account. Not only that, if the invoice is accidentally lost, the parties either bear the cost of consumption that cannot be reimbursed, or they must pay a new invoice and bear the loss of the merchant's additional tax point. However, the blockchain electronic invoice represents "transaction is invoiced, invoiced is reimbursed". Consumers no longer need to queue up for invoices as before, and do not have to worry about losing invoices. They have neither the trouble of pasting invoices nor asking for signatures. And there is no anxiety of waiting for the repayment. The one-step electronic invoice self-running program greatly improves the public consumption experience.
For enterprises and other organizations, in addition to greatly saving financial expenses, blockchain electronic invoices can more effectively isolate and shield financial risks. As the issuer of the invoice, the enterprise obtains the traditional invoice through the purchase method. After receiving the invoice, in order to support the issuance of the invoice, it is necessary to purchase special hardware equipment such as printers and printing paper, and the consumer and the purchaser settle the bill. Later, professional staff must be responsible for issuing invoices. The cost of consumables and labor costs must not be a small amount. In addition, as the unit for receiving invoices, multiple positions and financial professionals need to be set up to apply for invoices for reimbursement. Audit, but due to information asymmetry and limited human resources, enterprises and other organizations themselves can't actually complete the investigation and judgment of the authenticity of invoices. False invoices often cause enterprises to lose a lot of risk expenditures and assets. However, after the blockchain electronic invoice is generated, all the pain points and blind spots mentioned above will be completely cured and eliminated. For the invoice issuer, the biggest benefit of the blockchain electronic invoice is to greatly save the billing time, hardware and labor costs; for the invoice collection unit, the blockchain electronic invoice has a time stamp, and the blockchain Trusted consensus mechanism guarantees the authenticity of electronic invoices. It does not need to pay tedious and heavy invoice inspection costs, and it can effectively eliminate the financial risks caused by invoice fraud and fraud.
As far as the tax authorities are concerned, blockchain electronic invoices can not only supervise the "growth" automatically, but also protect the wealth "homeland" for the country and taxpayers. Not to mention the traditional paper invoice forgery and trafficking, even if there is an electronic invoice with a tax control code, it can also achieve the effect of one ticket more than one ticket and multiple uses (multiple people share an electronic invoice). At the same time, China's electronic invoices are distributed on third-party service provider platforms or self-built platforms. Invoice data cannot be interconnected. Tax authorities not only have difficulty in monitoring, but can also obtain the amount of flexibility from the invoicer from the taxpayer as long as the reimburser needs it. Large invoices, the fact that the invoices are unnamed has become an open fact; in addition, in order to avoid taxes, the phenomenon of merchants not issuing or under-invoicing abounds. A variety of unauthorized tampering and fabrication of illegal invoices not only makes scarce public financial funds hidden. Arbitrage also caused a large loss of national tax sources.
However, with the help of blockchain invoices, tax authorities can automatically block various program loopholes, at the same time eliminate various illegal violations, and achieve efficient governance of national taxes. On the one hand, according to the requirements of the distributed ledger, blockchain invoices are jointly recorded by tax authorities, bill issuers, transferers, and reimbursers, and the consensus mechanism ensures that only invoices written by tax authorities can be verified and recognized. Invoices written by any other node cannot be confirmed, thereby ensuring the authenticity of the invoice source. On the other hand, with the use of blockchain smart contracts, transactions and invoices occur at the same time, and consumer payments and invoice issuance are seamless. Fund flow, capital flow and invoice flow are combined into two flows, thereby ensuring the uniqueness of the invoice. This new credit system can completely eliminate the one-vote multi-vote, one-vote multi-use, and misreporting violations intangibles; not only that, the blockchain has traceability, and everyone on the blockchain electronic invoices It can trace back to the source of the invoice authenticity, and the tax authority can also perform unbounded and cross-border monitoring. The full-scene transparency of this invoice information can completely prevent various illegal and criminal acts.