Blockchain-based taxation in Bejing

Project by the Beijing Municipal Taxation Bureau

  • Beijing Municipal Taxation Bureau announced a pilot project for the blockchain-based invoice system.
  • This system should prevent receipts that are used to evade taxes or claim falsified expenses.
  • This project is not the first of this kind in China. Back in May 2018, Shenzen’s government was reported to cooperate with the software giant Tencent to develop blockchain-based taxation systems.
  • Earlier in March, another report mentioned a blockchain-based system for parking lot taxation by the Beijing Municipal Taxation Bureau.

Used tech
Blockchain

Used for
FinTech, Controlling, Finance, Public sector

Project stage
Pilot project

Case Study
News

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