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The application advantages of blockchain in the tax field are obvious, and the future development prospects are good

Time : 03/05/2022 Author : ly7usg Click : + -
        At present, although blockchain technology is in its infancy, in a sense, blockchain technology will become a universal purpose technology and form a vivid practice in the tax field in a way of exponential growth, digital progress and combined innovation. According to the 2019-2024 Research Report on the application market demand and development opportunities of the blockchain industry in China's tax field released by the new thinking Industry Research Center, the blockchain technology has the following major application scenarios in the tax field:. In the blockchain technology environment, once an enterprise is registered and established, all basic information will be stored in the blockchain. All transactions that have occurred since the establishment of the enterprise will be stored in the blockchain in chronological order, and are non tamperable and traceable.
        Personnel, address and other information will be updated in real time according to personnel changes and address changes, the business scope will be adjusted in real time according to the analysis of enterprise transaction data, and the tax information will also change dynamically according to the enterprise's business situation. In this way, it avoids the trouble of enterprises in handling registration, obtaining licenses, adding and changing tax categories under the existing conditions, and ensures the real-time and accuracy of relevant information of enterprises. In the blockchain system, the single invoice limit and the number of invoices do not require the tax department to review the contract for verification. As long as an enterprise has a real transaction, the system will automatically verify its invoice limit and the number of invoice copies collected. With the support of blockchain technology, the whole process of invoice collection, issuance, and increment is carried out online according to the real transaction. The full amount of blank electronic invoice is automatically generated with the transaction behavior, which not only reduces the burden of taxpayers, but also effectively avoids the phenomenon that the buyer does not actively ask for electronic invoice and the seller does not issue or omit to issue invoice, and prevents the loss of tax.
        There are three times when the tax obligation occurs: the time agreed in the contract, the time when the payment is received, and the time when the consignment list is received. Under the blockchain technology, all transaction records are completely stored in the blockchain data chain. Through the smart contract mechanism, the occurrence time of tax obligations can be automatically determined without manual confirmation. If the contract is stopped during execution, the blockchain data chain will also record the termination time. If the tax has not been paid, the confirmed tax liability will be cancelled; If tax has been paid, the seller will automatically transfer to the tax refund phase, and the buyer's input tax will be automatically transferred out. The distributed ledger technology used by the blockchain realizes the decentralization of transaction records, that is, a single entity cannot tamper with the transaction records, which ensures the accuracy of the transaction records.
        At the same time, the smart contract mechanism can directly write the VAT invoice management rules into the blockchain data chain, and realize the automatic coverage of the VAT invoice management rules on the whole chain. This is of great significance to prevent the false issuance of VAT invoices. In real life, the most common behavior is that Party A issues an invoice to Party B, but Party B fails to pay the real amount to Party A. In the case of online payment, such false opening behavior can be effectively solved by setting an early warning through the smart contract mechanism. Xinsijie industry researcher said that in addition to being applied in the above scenarios, the tax blockchain can also be used to identify fraudulent export tax rebates, tax credit publicity, tax inspection, CO inspection, evaluation, tax preference filing review, tax analysis and decision support.
        At present, the development of the blockchain market in the tax field is still in an introduction stage. The scalability of the blockchain technology has not been tested by large-scale practice, and various technical solutions are still developing rapidly. In general, under the catalysis of multiple forces and factors, the blockchain in the tax field will open a period of rapid development in the future.
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