Beijing will use blockchain to promote electronic invoices such as VAT electronic special invoices

On March 27th, the 20th meeting of the Standing Committee of the 15th National People's Congress of Beijing Municipality voted to pass the "Beijing Regulations for Optimizing the Business Environment", which will be implemented on April 28 this year. According to the regulations, Beijing will promote the use of an auxiliary financial and tax declaration system, provide market entities with automatic conversion services of financial statements and tax return data, implement consolidated declarations for social insurance, medical insurance, and housing provident funds, pay online, and implement value-added tax using blockchain technology. Electronic special invoices and other electronic bills.