Without resolving three significant bottlenecks, real estate market's revival will face numerous challenges
19:39 | 24/03/2024
Economic expert Vu Dinh Anh shares insights on the real estate market's recovery trajectory in 2024.
Only two petroleum businesses have adopted electronic invoicing after each sale
09:54 | 12/12/2023
The Ministry of Finance reports that the adoption of electronic invoices (E-Invoices) for each petroleum sale significantly enhances oversight of invoice issuance, revenue management, and fulfillment of tax obligations by businesses. Yet, a limited number of petroleum enterprises actually issue invoices following each transaction.
Intensified Deployment of Electronic Invoice Issuance for Each Petroleum Retail Sale
13:55 | 25/11/2023
The Ministry of Finance states that the issuance of electronic invoices for each petroleum retail sale is fully supported by legal grounds. Alongside this, the Tax Department is escalating efforts in advocacy, leadership, directives, and the implementation of electronic invoice usage to enhance understanding among citizens and businesses about the benefits, responsibilities, and effectiveness of electronic invoice utilization. This initiative aims to improve taxpayer compliance with tax law obligations.
Enhancing the application of risk management in tax administration and preventing tax loss
09:51 | 16/11/2023
The implementation of risk management (RM) in tax administration is an essential and objective trend that aligns with the requirements for reform and modernization within the Tax sector. This approach ensures consistency in the VAT refund process, reduces direct interference by tax officials and authorities in the decisions involving taxpayers, and fosters a more transparent and open environment.
Fiscal policy expansion to bolster economic revival
14:35 | 09/11/2023
The finance sector's recent advocacy for fiscal interventions has bolstered the post-Covid-19 economic recovery, demonstrating their effectiveness. Amid the ongoing adversities confronting enterprise operations and the public, the sector is proactively formulating financial strategies to further stimulate economic recuperation.
Digital transformation in the tax sector
09:49 | 31/10/2023
In recent times, the Vietnamese Tax sector has been actively focusing on delivering high-quality electronic tax services to taxpayers.