Beijing issued its first blockchain tax invoice in a pilot for the parking lot of Hanwei International Plaza, reported People’s Daily, the Communist Party newspaper. On March 4th, the Beijing Municipal Taxation Bureau announced that the city’s parking lots could integrate with blockchain for invoicing.
Parking lots are the first step of introducing blockchain invoicing in the city, and other tax-paying enterprises and businesses will soon be integrated into the system. The taxation bureau said taxpayers no longer need to apply for tax receipts in person.
Beijing wants to create a ‘Trinity,’ i.e. connect the tax bureau, issuers, and payers on a single platform.
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