Last week, China’s Shenzhen Taxation Bureau and Ping An Insurance signed an agreement to develop a ‘smart tax’ model using AI, blockchain and other technologies, according to a
Sina Finance report.
Shenzhen Tax Bureau and Ping An will be working together to develop a single window for management of taxation for all types of taxpayers in the Guangdong-Hong Kong-Macao Greater Bay Area.
The city of Shenzhen first issued a blockchain invoice with support from internet giant
Tencent. Two months ago, Ledger Insights reported that the Shenzhen Taxation Bureau issued over 10 million blockchain invoices using this
‘Shenzhen Speed’.
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