Under Circular 78/2021/TT-BTC guiding the implementation of a number of articles of the Tax Management Law and Government’s Decree 123/2020/ND-CP on invoicing regulations, before July 1, only firms that received a notification from the tax authorities were required to switch to e-invoices as stipulated in the timeframe issued by the tax department.

Illustrative image.

Previously, businesses were encouraged to switch to e-invoices if they had necessary infrastructure in place to implement the use of e-invoicing.

Meanwhile, small- and medium-sized enterprises, cooperatives, business households and individuals in areas with difficult and extremely difficult conditions that are not able to make transactions with tax department via electronic methods, and have no accounting software will be exempted from using e-invoices.

In reality, the use of e-invoices has been implemented in all 63 localities across the country since April 2022. However, businesses have still reported many difficulties during the process.

Vietnam rolls out electronic invoices

The General Department of Taxation on November 21 started to issue electronic invoices (or e-invoices) in Hanoi, Ho Chi Minh City, Hai Phong, Quang Ninh, Phu Tho, and Binh Dinh.

Electronic invoice deployment centres put into operation

The General Department of Taxation has opened a series of electronic invoice deployment centres, located at its headquarters and the taxation departments in six localities.

Finance ministry proposes tax cuts on gasoline

The Ministry of Finance has apprised the government of its plan to reduce special consumption tax and value-added tax on gasoline to bring its prices down.

Enterprises recover, well implement tax policy

(BGO)- Covid-19 pandemic outbreak in Bac Giang province in the middle last year adversely impacted operation of almost companies. However, thanks to the great efforts to overcome difficulties, several enterprises have recovered their production and business with dramatically increased turnovers and made positive contribution to the state budget.

6 out of 16 tax revenues in Bac Giang surpass from 5 to 37 percent against the same period

(BGO)- According to the Taxation Department of Bac Giang province, the total domestic tax revenue in Bac Giang province in the first 5 months this year is estimated at 6.619 trillion VND (285 million USD), up 6 percent against the same period last year and equal to 53 percent of the yearly tax estimate.

Source: NDO/VNA