China’s capital Beijing has revealed that the city’s tax department will introduce blockchain or distributed ledger technology (DLT)-powered invoicing. The new service was reportedly launched on March 2, 2020.
As said in former posts, during the preparatory phase all information from all jurisdictions involved should be analysed. However, it is not possible to implement all jurisdictions at the same time. Moreover, and very...
Source China briefing
IC enterprises and software enterprises will continue to enjoy the current preferential VAT treatment for the moment.
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