More than 555,000 enterprises apply e-invoices

VCN – The tax sector has expedited the e-invoice application. All 63 provinces and cities have launched e-invoice application.
Regulation on mandatory application of e-invoices from November 1 is abolished Regulation on mandatory application of e-invoices from November 1 is abolished
Hanoi: More than 98% of enterprises have used e-invoice Hanoi: More than 98% of enterprises have used e-invoice
Hanoi Tax Department: Most industries see drop in revenue leading to decrease in arising tax Hanoi Tax Department: Most industries see drop in revenue leading to decrease in arising tax
The Tax sector has updated more than 150 administrative procedures to the National Public Service Portal
All 63 provinces and cities have launched e-invoice application

More than 150 administrative procedures updated to the National Public Service Portal

To date, the Tax sector has updated more than 150 tax administrative procedures to the National Public Service Portal at: https://dichvucong.gov,vn/. It means that the General Department of Taxation reached 161% of the target assigned by the Ministry of Finance.

The General Department of Taxation said tax procedures have been publicized in various forms such as updated on websites of the General Department, local tax departments and tax branches; posted at the headquarters of the General Department of Taxation; or publicized on the national database so that the taxpayer can find information easily.

The General Department of Taxation has been upgrading IT applications to meet regulations on policies and procedures in accordance with the new Law on tax. In addition to support enterprises in tax declaration, payment and refund online, the General Department of Taxation has requested its tax units to accelerate the deployment and support individual taxpayers to declare and pay tax online and launch the e-invoice application to realize targets on building e-Government.

Currently, the e-tax declaration system has been deployed in all 63 provinces and cities and 100% of subordinates. At least 830,500 of 833,800 active enterprises have used e-tax declaration services. The e-tax declaration system has received over 9.7 million dossiers.

As of June, 2021, 824,466 of 833,867 active enterprises registered to use e-tax payment services with the tax agency.

At least 823.131 enterprises registered e-tax payment via banks. To date, enterprises paid VND372,163 billion and US$19,183,580.

E-tax refund has been launched in all 63 local governments. In the first half of the year, the number of enterprises applying for e-VAT refund was 6,416 of 6,582 units with refunded VAT amount of VND68,340 billion.

Designing a comprehensive system for e-invoice management

The tax sector has expedited the e-invoice application. All 63 provinces and cities have launched e-invoice application. At least 255 enterprises piloted e-invoices with verification code of the tax agency and more than 550,000 enterprises has applied e-invoices under Circular No. 32/2011 of the Ministry of Finance.

About 2.3 billion e-invoices were used in 2020, accounting for 50% of total invoices in 2020.

In addition to deploying e-invoices, the General Department of Taxation is finalizing the Circular on e-invoices; and seeking technical solutions and designing a comprehensive system for e-tax management in accordance with Decree 123/2020 of the Government.

Accordingly, the e-invoice system will be built on infrastructure 4.0 towards Big Data to meet the demand of large invoice volume.

More than 110,000 businesses and organizations in Ha Noi have used e-invoices More than 110,000 businesses and organizations in Ha Noi have used e-invoices

The system will be deployed in six provinces and cities including Hanoi, HCM City, Quang Ninh, Hai Phong, Phu Tho and Binh Dinh in the last six months of the year before being expanded nationwide for the deadline described in Decree 123/2020 of the Government.

By Thuy Linh/ Huyen Trang

Related News

Positive result in digital transformation of Customs sector

Positive result in digital transformation of Customs sector

VCN - Implementing the digital transformation plan, the Customs sector has proactively deployed many solutions and achieved positive results, demonstrated through all aspects of customs operations; providing online public services; implementing the National Single Window, ASEAN Single Window...
Ministry of Finance proposes seven solutions for combating tax evation for e-commerce

Ministry of Finance proposes seven solutions for combating tax evation for e-commerce

VCN - Vietnam e-commerce will reach US$30.5 billion in 2035 hence according to Minister of Finance Ho Duc Phoc, it will pose challenges to the management of tax, quality of goods, and anti-fraud.
Two key tasks of digital transformation in 2024 of Customs industry

Two key tasks of digital transformation in 2024 of Customs industry

VCN - On May 28, 2024, the Director General of the General Department of Customs signed Decision 1254/QD-TCHQ on promulgating the Digital Transformation Plan of the General Department of Customs in 2024. In the Plan, the General Department of Customs set out many goals, tasks and solutions to create strong changes in the digital transformation of the entire industry, especially focusing on implementing the Prime Minister's recent direction on digital transformation in the field of customs and Digital Transformation Plan 2024 of the Ministry of Finance.
Enterprises expect the stock market to be upgraded by 2025

Enterprises expect the stock market to be upgraded by 2025

VCN - Vietnam is in the final stages of completing the remaining criteria for the stock market to be upgraded to an emerging market after nearly 10 years of starting the stock market upgrade process. According to assessments, the upgraded stock market to an emerging market will bring benefits in many aspects, especially in terms of reputation as well as the ability to attract foreign capital flows. Currently, enterprises are very hopeful about the market's upgrade ability in 2025.

Latest News

Perfecting the legal framework to promote upgrading the stock market

Perfecting the legal framework to promote upgrading the stock market

VCN - After receiving comments from affected subjects including organizations, individuals, and market members, the State Securities Commission has just completed a draft circular amending 4 circulars regulating: stock trading on the stock exchange system; clearing and settlement of stock exchanges; operations of securities companies and information disclosure on the stock market.
Margin loan continues hit new record

Margin loan continues hit new record

VCN - The need to use leverage in the stock market is still very high, shown by the level of outstanding loans at securities companies continuing to increase sharply in the second quarter of 2024.
Vietnam needs comprehensive regulatory framework to attract green financing

Vietnam needs comprehensive regulatory framework to attract green financing

Vietnam needs a clear regulatory framework and solutions to promote the green finance market and encourage private capital flows into green fields, experts have said.
2025 budget estimation must be practical, accurate and efficient

2025 budget estimation must be practical, accurate and efficient

VCN - Directing the 2025 state budget estimation, Minister of Finance Ho Duc Phoc emphasized that units must ensure that the 2025 budget estimation must be practical, accurate, efficient, and meet the requirements for performing professional and political tasks assigned to central and local agencies.

More News

The corporate bond market will be more vibrant in the second half of the year

The corporate bond market will be more vibrant in the second half of the year

VCN - In the first half of 2024, with bond maturity pressure continuing to increase, corporate bond issuance has shown many positive signs compared to the previous year. According to forecasts, businesses' need to borrow and issue corporate bonds will accelerate in the second half of 2024.
Prioritize resources and promptly supplement capital for policy credit

Prioritize resources and promptly supplement capital for policy credit

VCN- In the near future, to further promote the effectiveness of policy credit, the Ministry of Finance will continue to preside over and coordinate with relevant ministries, branches and the Vietnam Bank for Social Policies (VBSP) to implement many key solutions.
Measures suggested to boost startups’ access to capital

Measures suggested to boost startups’ access to capital

The recent vigorous growth of startups in Vietnam has attracted domestic and foreign investors, but insiders recommended more efforts be made to facilitate startups’ access to funding from investors so that they can live up to potential.
Inflationary pressure seen from monetary policy

Inflationary pressure seen from monetary policy

VCN - The economy went through the first half of the year, inflation is still under control and forecast to reach the target set by the National Assembly and the Government. However, variables from the currency market such as exchange rates, interest rates, credit..., even gold prices, are issues that need to be paid attention.
Banks with the problem of promoting credit growth

Banks with the problem of promoting credit growth

VCN - It is estimated that by the end of June 2024, the economy's credit growth will reach nearly 4.5%. This number is still far from the yearly credit growth target of 14-15%.
Proposal to increase Special Consumption Tax on tobacco products

Proposal to increase Special Consumption Tax on tobacco products

VCN - At the workshop Special Consumption Tax on cigarettes held by Vietnam Tax Consulting Association and the Institute of Financial Strategy and Policy on July 16, experts and businesses clarified the goals and content of amended the special consumption tax policy on tobacco products. According to experts, there cannot be a solution that fully ensures the benefits of both consumers, the state and businesses, but it is necessary to choose the most optimal option to achieve the initially set goals.
Savings of individual customers at banks hit record high

Savings of individual customers at banks hit record high

In spite of low interest rates, figures from the State Bank of Vietnam (SBV) released this week show deposits of individual customers increased by more than VNĐ39.7 trillion in April, to reach more than VNĐ6.7 quadrillion.
Managing fiscal policy has achieved many positive and comprehensive results

Managing fiscal policy has achieved many positive and comprehensive results

VCN - On July 15, the Ministry of Finance held an online conference to summarize state budget financial work in the first 6 months of the year, implementing tasks in the last 6 months of 2024. Minister of Finance Ho Duc Phoc attended and directed the conference. Also attending the Conference were Deputy Ministers of Finance, leaders of units under the Ministry of Finance.
Determine tools, policy for inflation control

Determine tools, policy for inflation control

VCN - According to economic expert Associate Professor, PhD. Ngo Tri Long (photo), former Director of the Price Market Research Institute (Ministry of Finance), inflation is an issue that needs special attention, especially related to the management of monetary policy, interest rates, increasing prices of goods and services...
Read More

Your care

Latest Most read
Perfecting the legal framework to promote upgrading the stock market

Perfecting the legal framework to promote upgrading the stock market

State Securities Commission has completed a draft circular amending 4 circulars regulating: stock trading on the system; clearing and settlement; operations of securities companies and information disclosure.
Margin loan continues hit new record

Margin loan continues hit new record

The need to use leverage in the stock market is still very high, shown by the level of outstanding loans at securities companies continuing to increase sharply in the second quarter of 2024.
Vietnam needs comprehensive regulatory framework to attract green financing

Vietnam needs comprehensive regulatory framework to attract green financing

Vietnam needs a clear regulatory framework and solutions to promote the green finance market and encourage private capital flows into green fields, experts have said.
2025 budget estimation must be practical, accurate and efficient

2025 budget estimation must be practical, accurate and efficient

VCN - Directing the 2025 state budget estimation, Minister of Finance Ho Duc Phoc emphasized that units must ensure that the 2025 budget estimation must be practical, accurate, efficient, and meet the requirements for performing professional and political
The corporate bond market will be more vibrant in the second half of the year

The corporate bond market will be more vibrant in the second half of the year

VCN - In the first half of 2024, with bond maturity pressure continuing to increase, corporate bond issuance has shown many positive signs compared to the previous year. According to forecasts, businesses' need to borrow and issue corporate bonds will acc
Mobile Version