People's Daily: The online invoice of blockchain is no less than a reform of tax collection and management

In August 2019, the first blockchain e-invoice was opened nationwide. In the past year, the “blockchain” technology, which permanently changed the appearance of the Internet, has been co-existing with “electronic invoices”, expanding the new application scenarios of the “intellect tax” technology of Shenzhen Taxation Bureau, and letting Shenzhen reform in tax collection and management. The exploration has taken a solid step.

As a large-scale social application of new technologies, blockchain electronic invoices have been widely concerned and developed rapidly. Since August 10, 2018, Shenzhen Guomao Rotary Restaurant has opened the first blockchain electronic invoice. Up to now, there have been nearly 6 million electronic invoices in Shenzhen blockchain, with a total invoice amount of 3.9 billion yuan.

Blockchain technology has the characteristics of decentralization, non-tamperability, traceability, and high credibility. It can effectively ensure data security and security of tenure, and perfectly match the requirements and logic of invoices. "The combination of 'blockchain + electronic invoice' has greatly reduced the cost of tax collection and management, enriched the taxation management methods, and will effectively combat the problem of tax evasion that is difficult to eradicate under the traditional electronic invoice model." Shenzhen Taxation Administration and Technology Development Office Deputy Director Xin Yongming said.

The blockchain electronic invoices are on the line, as much as a reform of tax collection and management. All along, China has adopted the tax collection and management model of “taking the ticket management tax”, which requires complicated technical means to ensure the uniqueness of electronic invoices, which invisibly increases social costs. Under the premise of low cost, the blockchain model can realize the impractical, on-demand billing, full-time monitoring and data inquiry of electronic invoices, so that the electronic invoice system can be unloaded at the moment of “anti-counterfeiting”. ", return the transaction credentials and the source of the original accounting documents. Taxpayers “do not need paper invoices, no special equipment, full mobile phone self-service, transactions are invoiced, and invoicing is reimbursed”.

Li Wei, deputy director of the Shenzhen Municipal Taxation Bureau, said: "In the future, the Shenzhen Taxation Bureau will continue to promote smart taxation, actively explore the road of taxation and technological innovation, further accelerate the deep integration of cutting-edge technology and taxation work, and accelerate the realization of new technologies to tax productivity. Efficient conversions bring more informational and intelligent innovations to taxpayers."

Article source: People's Daily Overseas Edition (Wang Cong Zhao Donghai)

We will continue to update Blocking; if you have any questions or suggestions, please contact us!

Share:

Was this article helpful?

93 out of 132 found this helpful

Discover more

Opinion

LianGuairadigm, the top cryptocurrency institution, is facing community resistance and significant changes in its leadership. What is happening?

Fred, co-founder of LianGuairadigm, has stepped down from his role as managing partner and will continue on as a gene...

Blockchain

Coinbase publicly acknowledges that 3,420 user information is threatened by registration vulnerability

According to foreign media, Coinbase Exchange acknowledged in its latest blog post that a vulnerability in their syst...

Blockchain

In-depth explanation of Web3 game engine: Origins and development status of racing tracks, as well as network effects.

We are pleased to see the development process at every level, the release of new games, and the emergence of new engi...

Blockchain

Bibox and SKR staged the coin ring, and the IEO gambling nature became more intense.

At 8 am on the 22nd, two hours before the start of the first Star Project (IEO) on the Bibox Exchange, Bibox official...

Market

The ultimate way out of cryptocurrency exchanges: decentralization (below)

The full text is brief: Alicoin|Exclusive view With the endless stream of asset security cases such as hacking and se...

Blockchain

Contract exchange seeks compliance: as low as 1,500 knives for high NFA licenses

Editor's Note: This article has been deleted without changing the author's original intention. The number o...