Shenzhen embraces blockchain for electronic tax invoices

Shenzhen embraces blockchain for electronic tax invoices

Shenzhen city would be embracing the blockchain technology for the electronic tax invoices. Reportedly, the Shenzhen Municipal Taxation Bureau and Tencent have linked the blockchain invoice system with the WeChat payment platform. It is recognized as the ‘substantial exploration’ initiated by the Shenzhen Tax Department so as to meet the actual needs of the taxpayers.

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