536.6 million e-invoices issued

VCN - By the end of June, 100% of enterprises have used e-invoices successfully, and the number of invoices reached 536 million.
The Government remove obstacles in the implementation of VAT reduction by 8% The Government remove obstacles in the implementation of VAT reduction by 8%
Ministry of Finance submits to the Government to amend regulations on invoices and documents Ministry of Finance submits to the Government to amend regulations on invoices and documents
Tax sector strives to complete plan on implementation of e-invoices nationwide Tax sector strives to complete plan on implementation of e-invoices nationwide
536.6 million e-invoices issued

According to the latest report from the General Department of Taxation, as of June 30, there are 851,372 organizations, enterprises, and branches across the nation (100% of who want to change to e-invoices) and 65,576 household businesses having registered and converted to use e-invoices according to Decree No. 123/2020/ND-CP and Circular No. 78/2021/TT-BTC.

So far, the number of invoices has reached 536.6 million. Enterprises in fifty provinces and cities, which have implemented phase 2 and wanted to use e-invoices, have successfully registered on the e-invoices system. The number of registers is 377,484, reaching 100% in total.

The number of household businesses registered and converted to use e-invoices according to Decree No. 123/2020/ND-CP and Circular No. 78/2021/TT-BTC is 42,701. Thus, the total number of invoices received and processed by 57 tax departments is 109,3 million.

According to Mr. Pham Quang Toan - Director of the Information Technology Department (General Department of Taxation) - the users of e-invoices are very diverse with many different economic types and management methods.

The General Department of Taxation has commanded tax departments to review, classify, develop appropriate plans and organize the implementation not to affect taxpayers' production and business process.

Additionally, the General Department of Taxation has implemented nationwide e-invoices in each area.

The tax sector has proactively coordinated with organizations providing e-invoice services to arrange and allocate resources in implementation, training, propaganda, and support for taxpayers, especially in rural areas or remote areas.

Timely support for taxpayers and making them count on state agencies when applying e-invoices is a priority that the Tax General Department has identified and implemented from the beginning.

Sixty-three tax departments were set up to quickly grasp the difficulties of taxpayers, ensuring that the implementation is not affected.

Mr. Toan said that in the coming time, the tax agency will continue to receive and process registration declaration for using e-invoices of new businesses; receive and provide tax authority codes for e-invoices of enterprises using e-invoices with codes; receive data of e-invoices without codes.

Simultaneously, they would encourage the use of e-invoices by taxpayers through activities such as random dialing.

By Thuy Linh/ Hai Yen

Related News

Complete tax compliance management for business households and individuals

Complete tax compliance management for business households and individuals

VCN - Facing with the situation where there are still businesses hiding in the shadow of business households or business households with revenue of hundreds of billions of dong using many invoices to increase input costs, the General Department of Taxation said it would strengthen management to reduce fraud and tax evasion for individuals and business households.
Closely follow the situation, research and propose many solutions about taxes and fees to support the economy

Closely follow the situation, research and propose many solutions about taxes and fees to support the economy

VCN - In 2024, along with evaluating and summarizing the implementation of support solutions that have been issued, the Ministry of Finance will continue to coordinate with ministries and branches to closely monitor the actual situation and forecast the situation of socio-economic development to research and propose to competent authorities about support solutions on taxes and fees to apply in 2024.
State budget revenue estimated at VND733.4 trillion

State budget revenue estimated at VND733.4 trillion

VCN - In the first four months of 2024, total state budget revenue is estimated at VND733.4 trillion, equal to 43.1% of the estimate and up 10.1% year-on-year.
Proposal to continue reducing VAT by 2% in the last  6 months of 2024

Proposal to continue reducing VAT by 2% in the last 6 months of 2024

VCN - The Government has just submitted a proposal to the National Assembly to consider and allow the continued implementation of the policy of reducing Value Added Tax (VAT) by 2% for a number of groups of goods and services that are currently subject to a VAT rate of 10% in the last 6 months of 2024 (from July 1, 2024 to December 31, 2024). According to the Government's calculations, applying the policy of reducing the VAT rate by 2% for the last 6 months of 2024 reduces revenue by about 24 trillion VND.

Latest News

Banks promote online lending services

Banks promote online lending services

Banks are strongly stepping up online lending services via digital channels.
Companies unveil M&A plans across multiple sectors at shareholders

Companies unveil M&A plans across multiple sectors at shareholders' meetings

The current General Meeting of Shareholders (AGM) season has revealed notable M&A plans by companies, encompassing various industries including agriculture, food, automobile design and real estate.
How did many banks

How did many banks' profits surge in Q1 2024?

VCN - The business results for Q1 2024 of commercial banks showed positive growth, with some banks experiencing up to 165% growth. Despite low credit growth, the banks' growth stemmed from other types of business and services.
New regulations in Circular 24/2024/TT-BTC aim to build streamlined and effective accounting apparatus

New regulations in Circular 24/2024/TT-BTC aim to build streamlined and effective accounting apparatus

VCN - Circular No. 24/2024/TT-BTC that provides guidelines for public sector accounting will take effect from January 1, 2025 and will be applied from fiscal year 2025, will have regulations to meet requirements of streamlined and effective accounting apparatus.

More News

A series of solutions to improve administrative reform results in the Finance sector

A series of solutions to improve administrative reform results in the Finance sector

VCN - According to recently announced results, the Ministry of Finance is in the group of 3 leading ministries and ministerial-level agencies in the Administrative Reform Index 2023. However, some component criteria of the Ministry of Finance are still ranked at the lower level. To overcome this, the Finance sector proposed many synchronous and key solutions.
After six consecutive increase years, tax revenue from real estate transfer plunges

After six consecutive increase years, tax revenue from real estate transfer plunges

VCN – In 2023, real estate market was in extremely difficult time, purchasing power and liquidation had a sharp decline and there was a lack of cash flow, the amount of personal income tax (PIT) from real estate transfer activities plunged.
Improve processes and enhance experience to rebuild trust in life insurance

Improve processes and enhance experience to rebuild trust in life insurance

VCN - In Vietnam, the space and potential of the life insurance industry is still very large, so it is necessary to focus on implementing new solutions, improving product quality, and helping the market develop sustainably.
PM chairs meeting on fiscal, monetary policy management

PM chairs meeting on fiscal, monetary policy management

Prime Minister Pham Minh Chinh chaired a meeting in Hanoi on May 16 with ministries and agencies to discuss the coordination of fiscal and monetary policies aimed at maintaining macroeconomic stability, controlling inflation and promoting growth.
Many tax management solutions for e-commerce

Many tax management solutions for e-commerce

VCN - In Vietnam, the e-commerce market is increasingly growing and expanding with a diversity of operating models, many participants... posing great challenges for tax management.
Completely resolve problems and accelerate public investment disbursement

Completely resolve problems and accelerate public investment disbursement

VCN - In the first 4 months of 2024, the disbursement of public investment capital reached 17.46% of the plan assigned by the Prime Minister, higher than 15.65% in the same period last year. However, to further speed up this work, the Ministry of Finance believed that it needed to urgently overcome problems that have existed for a long time, especially in key projects.
Tax, land rent payment deadlines to be extended this year

Tax, land rent payment deadlines to be extended this year

Payment deadlines for value added tax (VAT), corporate income tax, personal income tax, and land rent in 2024 are set to be extended, involving a total tax value of nearly 84 trillion VND (3.3 billion USD).
Tax compliance management in the digital economy

Tax compliance management in the digital economy

VCN - The management of tax compliance in the digital economy has faced many challenges compared to the traditional economy. The transactions made via the internet environment and digital platforms have caused monitoring, controlling and management difficulties. Therefore, it is required to have appropriate solutions for management and ensuring revenue sources.
Hai Phong: Budget revenue reached more than VND40,000 billion

Hai Phong: Budget revenue reached more than VND40,000 billion

VCN - The results of Hai Phong City's revenue collection achieved a good growth rate, expected to reach hundreds of trillion VND for the third consecutive year.
Read More

Your care

Latest Most read
Banks promote online lending services

Banks promote online lending services

Banks are strongly stepping up online lending services via digital channels.
Complete tax compliance management for business households and individuals

Complete tax compliance management for business households and individuals

VCN - Facing with the situation where there are still businesses hiding in the shadow of business households or business households with revenue of hundreds of billions of dong using many invoices to increase input costs, the General Department of Taxation said it would strengthen management to reduce fraud and tax evasion for individuals and business households.
Companies unveil M&A plans across multiple sectors at shareholders

Companies unveil M&A plans across multiple sectors at shareholders' meetings

The current General Meeting of Shareholders (AGM) season has revealed notable M&A plans by companies, encompassing various industries including agriculture, food, automobile design and real estate.
How did many banks

How did many banks' profits surge in Q1 2024?

The business results for Q1 2024 of commercial banks showed positive growth, with some banks experiencing up to 165% growth.
New regulations in Circular 24/2024/TT-BTC aim to build streamlined and effective accounting apparatus

New regulations in Circular 24/2024/TT-BTC aim to build streamlined and effective accounting apparatus

VCN - On May 6, the Accounting and Auditing Supervisory Department (the Ministry of Finance) held a conference to deploy Circular No. 24/2024/TT-BTC on guideline for pubic sector accounting (Circular 24) of the Ministry of Finance.
Mobile Version