Hanoi Tax Department: Set a goal to complete the application of electronic invoices in 2019

VCN- In 2020, the whole country must convert paper to 100 percent electronic invoices. The dissemination to businesses and taxpayers has been promoted, especially in big cities like Hanoi.
tin nhap 20190612151518 After exposing names, only one-third of enterprises and project paid tax debt
tin nhap 20190612151518 Listing construction enterprises in large tax debts
tin nhap 20190612151518 Hanoi: No congestion on the last day of tax finalization
tin nhap 20190612151518
By 2020, Vietnam must convert paper to 100 percent electronic invoices. Photo Thuy Linh.

More than 23,000businesses registered to use

Hanoi Tax Department is one of the units which takes care ofa large number of businesses and taxpayers. According to the Hanoi Tax Department, by April 25, 2019, 146 enterprises have been approved to use the e-invoice with the verification code of the tax agency; 128 enterprises have registered to issue; 107 enterprises have invoiced. More than 4.8 million invoices worth 4,176 billion VND were established. In particular, for electronic invoices issued by enterprises themselves, there were 23,800 enterprises and organisationsregistered for issuance to tax authorities with the number of e-invoices issued 5.1 million.

For example, Dong Da Tax Department has 1,588 businesses successfully using e-invoices. According to many businesses in this district, the deployment of using electronic invoices has brought many benefits for them such as saving the cost of printing, preserving, storing, and convenience in accounting.

However, in addition to businesses eager to participate in the use, there are still many businesses who are not interested in e-invoices because when applying, they often have difficulties to explain to customers what ane-invoice is and the legality of this type of invoice. In addition, many businesses are not ready to apply e-invoicesdue to the unused paper invoices they have ordered.

Notably, many small and medium enterprises do not meet the requirements of information technology and human resource because these enterprises often hire accounting service for tax declarations, so the operation and use of e-invoice is unsure. Moreover, many businesses are still waiting for the conversion plan of tax authorities.

Promote dissemination

With the goal of completing the application of e-invoice in 2019, Hanoi Tax Department has promoted the deployment of e-invoice to all businesses in the area. All tax departments and sub-departments have strengthened the dissemination of benefits of applying e-invoice to all officials and taxpayers under their management. Besides, reviewing and defining problems during deploying e-invoice to solve.

In particular, Hanoi Tax Department has opened a section of "electronic invoices" on the Department's website to disseminate e-invoice, the Department’s directions on e-invoice. According to the Hanoi Tax Department, the website will post the guidelines on e-investment, common problems when using e-invoices, and publicise the list of reputable electronic invoice providers who have a good information technology infrastructure and have solutions to connect and transfer e-invoice data of taxpayers to the tax authorities, and transfer data to the General Department of Taxation right after the circular on guiding the implementation of Decree 119/2018/ ND-CP is issued.

According to Mai Son, Director of Hanoi Tax Department, the Department has connected information to more than 98% of businesses in the area through online tax declaration, more than 95% of enterprises have made electronic tax payment, contributing greatly to the implementation of e-invoice because most businesses in the area have interacted with tax authorities via the internet. In addition, the growing trend of e-commerce and e-payment will create favourable conditions to the implementation of e-invoice.

Along with the dissemination, Hanoi Department of Taxation has organised and supported enterprises to conduct e-invoices from registration to the use and report of invoices through training courses, phone, email, and direct support at the single-window department of the tax authorities at all levels. The Tax Department will also coordinate with software vendors on e-invoices to ensure a smooth data connection for tax administration, and toprepare the invoice database to manage in accordance with the Decree No. 119/2018/ ND-CP. The list of reputable and well-qualified electronic invoice service providers will be publicisedon the website of the Tax Department, so businesses and organisations can cooperate and use their services.

By KieuOanh/ Thuy Linh

Related News

Investigate a company showing signs of illegally invoice trading

Investigate a company showing signs of illegally invoice trading

VCN – Although there is no warehouse, no factory, no freight forwarding warehouse and no transportation costs, only after 10 days being licensed to establish, Ngoc Hung Dung AG Co.,Ltd has used hundreds of invoices showing signs of tax evasion.
Review the tax payment of sales livestream individuals

Review the tax payment of sales livestream individuals

VCN - The General Department of Taxation has just issued an official letter directing local tax departments to drastically manage e-commerce taxes and electronic invoices generated from cash registers.
Policy on tax payment extension and land rent reduction are going to be issued in June

Policy on tax payment extension and land rent reduction are going to be issued in June

VCN - Deputy Prime Minister Tran Hong Ha said that the Government has promoted policies to support people and businesses to improve people's health, restore trust, and promote investment in production and business. In particular, the Government is issuing a Decree on extending the tax payment deadline this June.
Hanoi Customs: Thoroughly addressing the concerns of processing, export production, and export processing enterprises

Hanoi Customs: Thoroughly addressing the concerns of processing, export production, and export processing enterprises

VCN - Processing, export production, and export processing enterprises account for 65% of the total customs declarations and 85% of the total import-export turnover through the Hanoi Customs Department. Therefore, addressing policy and procedural issues for this type of business is a priority for the department.

Latest News

M&A activities show signs of recovery

M&A activities show signs of recovery

Mergers and acquisitions (M&A) activities in Vietnam have been showing signs of recovery in recent months as several large companies announced finished deals, which may create a ripple effect in the M&A market.
Fiscal policy needs to return to normal state in new period

Fiscal policy needs to return to normal state in new period

VCN - To recover the economy during and after the Covid-19 pandemic, fiscal policy has been flexibly and promptly managed, becoming a solid foundation to help businesses and the economy gradually overcome difficulties. After nearly 5 years, although there are still difficulties, the economy is gradually returning to a high growth trajectory. In that context, it is necessary to let fiscal policy return to normal state.
Ensuring national public debt safety in 2024

Ensuring national public debt safety in 2024

VCN - Since the beginning of the year, public debt management has been conducted proactively and effectively, meeting the need of raising capital for development investment. At the same time, debt indicators by the end of 2024 are guaranteed within the ceiling and safety threshold approved by the National Assembly, ensuring national financial security, increasing proactive response to risks arising from external and internal causes of the economy.
Removing many bottlenecks in regular spending to purchase assets and equipment

Removing many bottlenecks in regular spending to purchase assets and equipment

VCN - Decree No. 138/2024/ND-CP, which has just been issued, is expected to contribute to resolving bottlenecks in allocating funds for purchasing assets and equipment; renovating, upgrading, expanding, and constructing new construction items in projects that have been invested in and constructed in the past.

More News

Continue to handle cross-ownership in banks

Continue to handle cross-ownership in banks

VCN - The situation of excess share ownership, cross-ownership between credit institutions (CIs), CIs and enterprises, although has decreased significantly compared to previous periods, is still complicated and requires continued inspection and control.
Striving for average CPI not to exceed 4%

Striving for average CPI not to exceed 4%

VCN - According to the report of the Ministry of Finance, there are still some factors that put pressure on price levels in the remaining months of 2024, so the Ministry has updated 2 scenarios of average inflation in 2024 increasing in the range of 3.7-3.92%.
Delegating the power to the government to waive, lower, or manage late tax penalties is suitable

Delegating the power to the government to waive, lower, or manage late tax penalties is suitable

VCN - Discussing in groups about the project "1 law amending 7 laws" in the financial sector according to the program of the 8th Session on October 29, 2024, National Assembly delegates proposed that the Government should be assigned to make specific regulations on decentralization, granting the right to exempt and reduce taxes, and handling penalties for late payment of taxes...
Removing difficulties in public investment disbursement

Removing difficulties in public investment disbursement

VCN - According to the report of the Investment Department (Ministry of Finance), the estimated disbursement from the beginning of the year to October 31, 2024 is VND 355,616.1 billion, reaching 47.43% of the 2024 plan, reaching 52.29% of the plan assigned by the Prime Minister.
State-owned commercial banking sector performs optimistic growth, but more capital in need

State-owned commercial banking sector performs optimistic growth, but more capital in need

VCN - According to the report sent to the National Assembly before the 8th Session of the Government on investment, management and use of state capital in enterprises nationwide in 2023, the business performance of the state-owned commercial banking sector achieved positive growth.
Stipulate implementation of centralized bilateral payments of the State Treasury at banks

Stipulate implementation of centralized bilateral payments of the State Treasury at banks

VCN - The Ministry of Finance (MOF) gathers feedback on the draft Circular regulating the management and use of accounts of the State Treasury opened at the State Bank of Vietnam (SBV) and commercial banks.
Rush to finalize draft decree on public asset restructuring

Rush to finalize draft decree on public asset restructuring

VCN - According to the Ministry of Finance, the draft Decree regulating the rearrangement and handling of public assets is being urgently completed by the Ministry of Finance to submit to the Government for promulgation.
Inspection report on gold trading activities being complied: SBV

Inspection report on gold trading activities being complied: SBV

The State Bank of Vietnam (SBV) has announced that inspections on compliance with legal policies in gold trading activities of credit institutions and gold trading businesses have been completed and an inspection report is being compiled.
Budget revenue in 2024 is estimated to exceed the estimate by 10.1%

Budget revenue in 2024 is estimated to exceed the estimate by 10.1%

VCN -The Government estimates that state budget revenue in 2024 will exceed VND 172.3 trillion, up 10.1% over the estimate, of which tax and fee revenue will reach 13.1% of GDP.
Read More

Your care

Latest Most read
M&A activities show signs of recovery

M&A activities show signs of recovery

Mergers and acquisitions (M&A) activities in Vietnam have been showing signs of recovery in recent months as several large companies announced finished deals, which may create a ripple effect in the M&A market.
Fiscal policy needs to return to normal state in new period

Fiscal policy needs to return to normal state in new period

VCN - To recover the economy during and after the Covid-19 pandemic, fiscal policy has been flexibly and promptly managed, becoming a solid foundation to help businesses and the economy gradually overcome difficulties. After nearly 5 years, although there
Ensuring national public debt safety in 2024

Ensuring national public debt safety in 2024

VCN - Since the beginning of the year, public debt management has been conducted proactively and effectively, meeting the need of raising capital for development investment. At the same time, debt indicators by the end of 2024 are guaranteed within the ce
Removing many bottlenecks in regular spending to purchase assets and equipment

Removing many bottlenecks in regular spending to purchase assets and equipment

Decree No. 138/2024/ND-CP, which has just been issued, is expected to contribute to resolving bottlenecks in allocating funds for purchasing assets and equipment
Continue to handle cross-ownership in banks

Continue to handle cross-ownership in banks

VCN - The situation of excess share ownership, cross-ownership between credit institutions (CIs), CIs and enterprises, although has decreased significantly compared to previous periods, is still complicated and requires continued inspection and control.
Mobile Version