The Tax industry has comprehensive digital transformation

VCN - The application of information technology (IT) over the past 30 years has contributed to building a modern Tax industry that operates effectively, efficiently and successfully implements programs and plans to reform administrative procedures, recognized and highly appreciated by organizations, businesses, individuals and the entire society.
The Tax industry will continue to apply new technological achievements in accordance with international standards. Photo: ST
The Tax industry will continue to apply new technological achievements in accordance with international standards. Photo: ST

Many solutions to modernize tax management

The Tax sector's IT application system has been developed over more than 30 years according to the Government's reform and modernization programs, be suitable for solutions, technology, infrastructure, and equipment at tax agencies according to each stage. Implementing the National Digital Transformation program to 2025, with a vision to 2030 approved by the Government in Decision No. 749/QD-TTg in 2020, the Tax sector has made general and comprehensive changes in the way of working, bringing all activities of the Tax agency to the digital environment, innovating the operating model, changing the way of providing services based on digital technology and digital data.

According to Mr. Dang Ngoc Minh, Deputy Director of the General Department of Taxation, in recent years, the Tax sector has always strived to reform and modernize management, from perfecting the legal environment to developing infrastructure and providing electronic tax services in an integrated, centralized manner, meeting the requirements of e-Government, towards a digital Government. With the motto of taking people and businesses as the center to serve, the Tax sector has been implementing many projects and tasks of applying IT in tax management and comprehensive digital transformation. “The application of IT has contributed to building a modern Tax industry that operates effectively, efficiently and successfully implements programs and plans to reform administrative procedures, recoganized and highly appreciated by organizations, businesses, individuals and the whole society,” said Mr. Dang Ngoc Minh.

Regarding administrative procedure reform, the General Department of Taxation has seriously implemented the Government's resolutions with the goal of reducing administrative procedures, simplifying regulations on business activities, building an e-Government, and creating favorable conditions for taxpayers.

Regarding the transformation of tax management at the Tax agency, determining that digital transformation is only truly successful when each person and business actively participates and enjoys the benefits that digital transformation brings about, the Tax sector is implementing many solutions to promote reform, IT application, and modernization of tax management. Specifically, deploying a centralized tax management application TMS; Electronic bill; Electronic invoice created from cash register; Analyze and classify risks in tax refund; AI application in analyzing purchase and sale chain links on electronic invoices.

In order to support taxpayers in declaring taxes, paying taxes, and electronically refunding taxes quickly and conveniently, since 2009, the Tax sector has deployed electronic tax services to serve people and businesses in the field of tax declaration, electronic tax payment and in 2017, electronic tax refund service. Especially since June 2023, the General Department of Taxation has deployed Payable ID to support taxpayers in searching and identifying payments by nature and payment order. Along with that, deploy eTax mobile application for individuals and integrate VNEID in authenticating the use of electronic tax services; building an e-commerce information portal; Electronic information portal for foreign suppliers; Providing electronic tax services through the Digital Map of household businesses.

Evaluating the digital transformation of the Tax sector, Ms. Nguyen Thi Cuc, Chairwoman of the Vietnam Tax Consulting Association, said that the digital transformation of the Tax sector left a lot of impressions, of which the most prominent is the implementation of modernizing electronic invoices. The implementation of electronic invoices saves costs for the whole society in many aspects, including database research. In addition, Ms. Nguyen Thi Cuc highly appreciated the implementation of tax declaration of foreign suppliers on the Electronic Information Portal for Foreign Suppliers of the Taxation General Department and said that this is one of the Tax sector’s excellent activities.

Develop an integrated, centralized IT system, taking people and businesses as the center

According to Mr. Pham Quang Toan, Director of the Department of Information Technology (General Department of Taxation), in the plan to digitally transform the Tax sector until 2025, the Tax sector continues to take taxpayers as the service center by providing the most and the best services and data for taxpayers, at the same time, strengthen tax administration and strict management in accordance with the law to create fairness for taxpayers. Mr. Pham Quang Toan said that the Tax sector aims to have 100% online public services at levels 3 and 4; 90% of electronic administrative procedures at levels 3 and 4; 100% of taxpayers are granted electronic identification and authentication; Aim for 80% of records processed online; 100% of demand, centralized and integrated computerization work; 50% of testing activities are in a digital environment; 100% of staff records are stored electronically; 100% of connection and information exchange between ministries, departments and branches; 100% of reports are shared on the national reporting system.

According to Mr. Dang Ngoc Minh, digital transformation is only truly successful when each person actively participates and enjoys the benefits that digital transformation brings. To achieve the set goals, the Tax sector identifies solutions to develop IT in the Tax sector in the period 2021-2025 in the direction of integration, concentration, taking people and businesses as the center, meeting the requirements of digital Government. Accordingly, increasing transparency and efficiency, increasing work processing speed, reducing operating costs, as well as ensuring uniformity and effectiveness of state management. At the same time, providing digital tax services and electronic data to facilitate taxpayers, contributing to improving Vietnam's ranking in terms of tax simplicity and convenience; Build integrated platforms and big data platforms to provide complete information for executive direction, connect and exchange information between state management agencies, and support management work of taxes, tax risk management and policy planning. The Tax sector will also continue to apply new technological achievements in accordance with international standards to automatically handle tax management business processes and analyze big data to serve policy planning and revenue forecasting, propaganda to support taxpayers, risk management, compliance management, tax inspection, tax audit, tax investigation; Developing IT technical infrastructure, advanced, modern, and synchronous equipment, ensuring continuous operation, efficiency, information safety and data security.

As of October 31, 2023, the Tax sector has received and processed more than 5.67 billion electronic invoices; 912,339 businesses have implemented electronic tax declaration, reaching 99.92% of operating businesses; There are 904,730 businesses making electronic tax payments, reaching a rate of 99.09%, with over 3.4 million electronic tax payment transactions with an amount of over 642.9 trillion VND and over 4.8 million USD. By October 31, 2023, there were 74 foreign suppliers successfully registered and declared taxes on the Foreign Supplier Portal; 375 e-commerce platforms (e-commerce) send information through the e-commerce information portal, etc.

By Hoai Anh/Phuong Linh

Related News

Several real estate businesses were forced to pay taxes

Several real estate businesses were forced to pay taxes

VCN - Many real estate businesses with tens of billions of VND in tax debt have been forced by the Customs authority to stop customs procedures at the request of the Tax authority.
Customs-Business partnership focuses on digital transformation

Customs-Business partnership focuses on digital transformation

VCN - In order to support the business community in grasping and understanding customs regulations and coordinating with the Customs, the General Department of Vietnam Customs (GDVC) has issued a plan for development of partnership between customs and businesses and stakeholders in 2024. Customs Magazine has an interview with Mr. Pham Xuan Truong - Head of Customs Procedures Reform Division (Customs Reform and Modernization Board) about the matter.
Lang Son Customs Department: Digitizing customs procedures to maximize business facilitation

Lang Son Customs Department: Digitizing customs procedures to maximize business facilitation

VCN - Implementing the Customs sector's digital transformation plan and orientation in the Customs Development Strategy to 2030, Lang Son Customs has been focusing on promoting digitalization of all operational stages to shorten customs clearance time and promote import and export of goods through local border gates.
Building a national brand is a long process

Building a national brand is a long process

VCN - According to Associate Professor, PhD. Nguyen Quoc Thinh (photo), Senior Lecturer of Brand Management Department (Faculty of Marketing, University of Commerce), the brands of Vietnamese businesses are increasingly focused on building and developing. This not only enhances the reputation of the country and products but also creates favorable conditions for businesses in export activities and attracts investment.

Latest News

Vietnam acts to combat money laundering, terrorist financing

Vietnam acts to combat money laundering, terrorist financing

Deputy Prime Minister Le Minh Khai on February 23 signed a decision promulgating the national action plan to implement the Government's commitment to prevent and combat money laundering, terrorist financing, and financing of the proliferation of weapons of mass destruction.
Banks ask central bank to extend June 30 payment deadline

Banks ask central bank to extend June 30 payment deadline

Industry experts said the current challenging economic situation and difficulties faced by businesses severely affect their ability to meet debt obligations. As there are no shortcuts to resolving old bad debts, a significant number of newly classified bad debts, which should be expected on June 30 this year, will put tremendous pressure on the country’s financial sector, as well as businesses.
Efforts to remove obstacles to upgrade the stock market

Efforts to remove obstacles to upgrade the stock market

VCN - According to the sharing of Ms. Vu Thi Chan Phuong, Chairwoman of the State Securities Commission (SSC), in addition to completing the main criteria of international rating organizations in upgrading the stock market (TTCK), the State Securities Commission (SSC) continues to improve domestic regulations on the basis of researching international regulations and practices to promote Vietnam's stock market to develop in a sustainable direction, creating a favorable environment to attract international investors and foreign indirect investment capital flows.
The State Treasury implements nine key tasks in 2024

The State Treasury implements nine key tasks in 2024

VCN - The deployment of key tasks plan in 2024 (refer to the Plan) of State Treasury was issued to focus resources on completing tasks during the year and following the proposed strategies.

More News

SBV injects large amount of money to support capital for banks

SBV injects large amount of money to support capital for banks

The State Bank of Vietnam (SBV) on February 20 net injected more than 5 trillion VND (nearly 204 million USD) into the banking system through the open market operation (OMO) channel to support capital for commercial banks.
Vietnam Stock Exchange’s revenue down nearly 44% in 2023

Vietnam Stock Exchange’s revenue down nearly 44% in 2023

The Vietnam Stock Exchange (VNX) reported revenue of over 1.92 trillion VND (78.26 million USD) in 2023, down nearly 44% compared to the previous year.
Focusing on five tasks so that the securities industry continues to develop in the face of intertwined opportunities, challenges

Focusing on five tasks so that the securities industry continues to develop in the face of intertwined opportunities, challenges

VCN - Deputy Minister of Finance Nguyen Duc Chi raised five tasks that need to be focused in 2024 so that the securities industry continues to develop in the face of intertwined opportunities and challenges.
Prioritizing the allocation of public investment capital

Prioritizing the allocation of public investment capital

VCN - Public investment in 2024 continues to set a disbursement target of at least 95% of the total of more than VND657,000 billion of assigned public investment capital. Thus the task is to focus on allocating capital quickly and reasonably right from the beginning of the year.
6,144 retail petroleum stores issue invoices after each sale

6,144 retail petroleum stores issue invoices after each sale

VCN - According to the latest statistics of the General Department of Taxation, as of February 1, 2024, the country has 6,144 retail petroleum stores issuing electronic invoices after each sale.
PM Chính instructs action for stock market upgrade

PM Chính instructs action for stock market upgrade

Efforts have been made to attract investment and promote the image of the Vietnamese stock market, with the goal of upgrading it from frontier to emerging status.
Cai Mep – Thi Vai port gets very busy right from the beginning of Tet

Cai Mep – Thi Vai port gets very busy right from the beginning of Tet

VCN - Many mother vessels made landfall at Cai Mep – Thi Vai port (Ba Ria – Vung Tau province) in the early days of Dragon Year 2024 showing positive signs about the recovery of seaport activities.
Public offerings key to promoting corporate bond market: experts

Public offerings key to promoting corporate bond market: experts

To promote the professional corporate bond market, one solution is to focus on widespread public offerings of corporate bonds rather than private placements, said experts.
New policy may have adverse impacts on bancassurance

New policy may have adverse impacts on bancassurance

A new regulation on banning commercial banks from selling insurance together with banking services will negatively affect banks’ bancassurance revenue in the future, some analysts have claimed.
Read More

Your care

Latest Most read
Vietnam acts to combat money laundering, terrorist financing

Vietnam acts to combat money laundering, terrorist financing

Deputy Prime Minister Le Minh Khai on February 23 signed a decision promulgating the national action plan to implement the Government's commitment to prevent and combat money laundering, terrorist financing, and financing of the proliferation of weapons of mass destruction.
Banks ask central bank to extend June 30 payment deadline

Banks ask central bank to extend June 30 payment deadline

Industry experts said the current challenging economic situation and difficulties faced by businesses severely affect their ability to meet debt obligations. As there are no shortcuts to resolving old bad debts, a significant number of newly classified bad debts, which should be expected on June 30 this year, will put tremendous pressure on the country’s financial sector, as well as businesses.
Efforts to remove obstacles to upgrade the stock market

Efforts to remove obstacles to upgrade the stock market

VCN - According to the sharing of Ms. Vu Thi Chan Phuong, Chairwoman of the State Securities Commission (SSC), in addition to completing the main criteria of international rating organizations in upgrading the stock market (TTCK), the State Securities Com
The State Treasury implements nine key tasks in 2024

The State Treasury implements nine key tasks in 2024

The deployment of key tasks plan in 2024 (refer to the Plan) of State Treasury was issued to focus resources on completing tasks during the year and following the proposed strategies.
SBV injects large amount of money to support capital for banks

SBV injects large amount of money to support capital for banks

The State Bank of Vietnam (SBV) on February 20 net injected more than 5 trillion VND (nearly 204 million USD) into the banking system through the open market operation (OMO) channel to support capital for commercial banks.
Mobile Version