China's Guangdong province has started issuing digital yuan import tax refunds, with local treasury departments receiving and handling digital yuan tax refunds more efficiently. Guangzhou, Zhaoqing, and other areas in the digital yuan pilot zone have launched digital yuan payment and tax refund services for domestic value-added tax, corporate income tax, and other taxes. In Zhuhai, a man became the first Chinese citizen to pay parcel tax on a trade import from Macau using digital yuan, eliminating the time he might have spent waiting in line. The CBDC payment system improves the speed of transactions and expedites the passenger customs clearance process. Overseas digital yuan usage cases are being piloted in tests in Macau and Hong Kong.

(By Tim Alper)