Businesses can choose a suitable electronic invoice model generated from the cash register

a cumulative total of 82,988 businesses have registered to use this type of electronic invoice generated from cash registers. Photo: H.Anh

According to data from the General Department of Taxation, as of the end of the third quarter of 2024, 42,634 businesses had registered to use electronic invoices generated from cash registers.

This figure represents 85.9% of the 2024 target, with a total of 789 million invoices issued.

Since the implementation began, a cumulative total of 82,988 businesses have registered to use this type of electronic invoice, accounting for 45% of the total 184,571 businesses operating in sectors required to use electronic invoices generated from cash registers. A total of 893.8 million invoices have been issued.

However, some small and medium-sized enterprises, as well as individual businesses, have expressed concerns about the costs associated with purchasing cash registers, software, and hardware for issuing electronic invoices.

In response, the Ministry of Finance clarified that the implementation of Law No. 38/2019/QH14 on Tax Management, Government Decree No. 123/2020/ND-CP, and Ministry of Finance Circular No. 78/2021/TT-BTC has made electronic invoicing mandatory for all businesses and households nationwide.

Since December 15, 2022, the tax sector has officially implemented electronic invoices generated from cash registers.

This measure aims to enhance the ability of businesses, households, and individuals to issue invoices frequently and continuously, improve customer convenience in obtaining invoices, and enhance tax management efficiency, particularly in the retail sector.

Point 2, Article 8, Circular No. 78/2021/TT-BTC stipulates that businesses, households, and individuals who are tax declarants and engage in direct sales to consumers through business models such as shopping centers, supermarkets, retail, food and beverage, and restaurants, can choose to use electronic invoices generated from cash registers that are connected to the tax authority or use other types of electronic invoices.

Accordingly, from July 1, 2022, 100% of enterprises and business households paying taxes according to the declaration method operating in the above fields have applied electronic invoices.

The Ministry of Finance affirmed that the transition to electronic invoices generated from cash registers has met the basic requirements for software solutions and information technology infrastructure. Furthermore, businesses, households, and individuals that do not meet the revenue and labor size thresholds and are subject to the lump-sum tax system are exempt from this requirement.

Regarding technical solutions for implementing electronic invoices generated from cash registers, Decision No. 1510/2022/QD-TCT of the General Department of Taxation has supplemented regulations and technical standards and has been implemented nationwide.

Currently, there are three common models for implementing electronic invoices generated from cash registers.

For example, in Model 1, businesses use point-of-sale software integrated with a tax authority-issued electronic invoicing solution. This model is suitable for organizations and businesses with adequate IT infrastructure.

In Model 2, businesses use both point-of-sale software and a separate tax authority-issued electronic invoicing solution. This model is suitable for individuals and businesses that have difficulty integrating the electronic invoicing solution into their existing point-of-sale software.

The Ministry of Finance encourages small and medium-sized enterprises, as well as individual businesses, to adopt ready-made solutions provided by electronic invoice service providers and use regular printers to print invoices for customers or send invoices to customers via email or through online portals.

Businesses and individual businesses can choose the most suitable implementation model based on their annual or monthly invoice volume and their existing software and technical infrastructure (computers, printers, etc.).