The General Department of Taxation (under the Finance Ministry) yesterday held an online meeting for the launch of its ‘Database analysis and electronic invoice management system’.
As many as 3,943 business establishments are set to roll out e-invoices generated from cash registers by March 2023, including 1,850 businesses and 2,093 business households.
Vietnam’s tax authorities are working to make e-invoicing a common practice among business establishments nationwide as e-invoices generated from cash registers (ECR) make tax collection more efficient and manageable.
The HCMC People's Committee has asked relevant departments and agencies to apply measures to accelerate the use of e-invoices generated from cash registers, towards ensuring the implementation of the set roadmap.
Except for several special cases, all enterprises, business households, and individuals must use e-invoices instead of paper invoices starting from July 1, according to a circular issued by the Finance Ministry.
The Vietnam Expressway Development Investment Corporation (VEC) has just informed that toll stations on expressways will start issuing e-invoices from July 1.
100 percent of business households paid tax following the declaration for e-invoices registration and 99 percent of enterprises have completed the registration for using e-invoices by the morning of June 30, the last day when all Ho Chi Minh City-based enterprises must officially apply electronic invoices (e-invoices) in accordance with Tax Management Law which will take effect from July 1, 2022.
Vietnam has applied electronic bills since July 1 this year, but many consumers still have no habit of asking for such a bill to store for future reference as they are unaware of its potential benefits.
Electronic invoices, or e-invoices, play a vital role in creating a transparent and fair business environment, a more streamlined administrative process, higher productivity, and are an integral part of Vietnam's national strategy for digitalisation.
Prime Minister Pham Minh Chinh has requested basic and comprehensive reform in digital transformation to improve labor productivity and competitiveness of enterprises and the nation.
Thousands of tourists flocked to the Huong Son landscape complex on the opening day of the 2023 Huong Pagoda Festival on January 27, the sixth day of the Lunar New Year.
2023 will be a year of forming, exploiting data to create new values, stated PM Pham Minh Chinh at yesterday's meeting about developing the application of population database for the national digital transformation in the 2022-2025 period.
Prime Minister Pham Minh Chinh on August 8 described digital transformation as an important tool for the building of an independent and self-reliant economy and the extensive and effective integration into the world.
According to the Ministry of Information and Communications, in the first five months of 2022, non-cash transactions increased by 76 percent in volumes and 30.6 percent in value over the same period in 2021.
Finance Minister Ho Duc Phoc said that the Ministry of Finance is promoting the construction of digital platforms in financial services. The application of electronic invoices (e-invoice) makes an important contribution to this successful construction.
From November, Ho Chi Minh City-based enterprises have officially applied electronic invoices (e-invoices) following new regulations. Many businesses worried whether the e-invoices would be complicated, increase costs, or congest the network? These concerns have been thoroughly answered by tax authorities, and businesses will also receive additional benefits when applying technology in management.