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

Blockchain

New gameplay? A rubbish currency exchange where everyone can use the currency

BlockBeats learned that the Shitcoin.market was officially launched on August 14. This is a decentralized trading pla...

Blockchain

A picture proves that there are a large number of cleaning transactions on the exchange

In order to more accurately depict trading activity, the "Real 10" indicator only considers the volume of t...

Blockchain

Bloomberg: The currency stability exchange's own stable currency will be issued in "weeks to one or two months"

According to Bloomberg News, Wei Zhou, chief financial officer of Binance, the main cryptocurrency exchange, said in ...

Blockchain

The pace of competition is accelerating, how can the new exchange break with the finer operations?

The cryptocurrency exchange is still a good business. Recently, the Currency Exchange announced the eighth BNB quarte...

Blockchain

How does the derivatives market fight on the platform of the 5-year-old exchange?

Derivatives trading has become a battleground for the military, and OKex, Huobi, Gate, Fcoin, which are well-known ex...

Blockchain

A new attempt at traditional finance, the technology of the Stock Exchange enters the currency circle

In January 2019, the London Stock Exchange Group announced a partnership with the digital asset trading platform AAX,...