China's tax bureau has been busy issuing receipts since a value added tax was implemented at the start of this month. 

Tuesday was the first working day in May, and tax authorities say more than 70 thousand businesses already have sought value-added tax receipts. More than 460 thousand VAT receipts have been issued. In addition, more than 26 thousand receipts involving 12 billion yuan in real estate transactions also have been issued. 

China extended its VAT pilot program to four more sectors - property, construction, finance and consumer services, on May 1st. Now almost all goods and services in China are covered by VAT.