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Beijing Taxation Bureau Starts Using Blockchain for Invoices

Beijing Taxation Bureau Starts Using Blockchain for Invoices

The tax bureau of Beijing has announced that it will start integrating blockchain technology for invoices, in order to reduce the taxpayer’s operating costs, save social resources and increase consumer convenience for saving invoices and build a healthy and fair tax environment.

The bureau aims to bring more transparency to taxpayers as well as for more transparent governance. Reportedly, Beijing’s tax office has gradually promoted blockchain billing services within the city starting on March 2.

Notably, the blockchain invoice has specific features. There are 12 digits in the invoice code and there are a total of 8 digits in the invoice number. Consumers are encouraged to take the initiative to check the authenticity of the invoices by verifying the invoice information on its official website or on the authorized Ruihong website. It said:

“The information recorded in the electronic common invoices shall be consistent with the results obtained on the website […] Consumers have the right to reject electronic invoices with inconsistent results, and can call the tax service hotline 12366 of the Beijing tax bureau to report.”

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At present, it will issue general invoices for parking and tickets for scenic spots and parks. Other industries will be included in the pilot scope later on.

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