Taxation authority urges the implementation of e-invoices created from cash registers

June 06, 2024 - 16:00

The General Department of Taxation requires effective implementation of tax management for electronic commerce activities (e-commerce) and electronic invoices (e-invoices) initiated from cash registers.

General Department of Taxation requires the implementation of e-invoices created from cash registers. — Photo baochinhphu.vn

HÀ NỘI — The General Department of Taxation requires effective implementation of tax management for electronic commerce activities (e-commerce) and electronic invoices (e-invoices) initiated from cash registers.

Following Government and Ministry of Finance directives to enhance tax collection and prevent tax evasion in e-commerce, solutions for electronic invoices from cash registers are being expanded. This helps individuals and businesses use electronic invoices efficiently and improve cost-effectiveness and management of systems, preventing tax losses in the retail sector. It supports consumer rights and contributes to the finance sector's digital transformation.

The Director General requires provincial and city tax departments and the Large Enterprise Tax Department to conduct comprehensive reviews and inspections of tax declarations, payments and electronic invoice usage by e-commerce businesses, online platforms, affiliate marketers, digital content providers, advertisers and software suppliers. Focus is on those conducting online and live-streaming sales.

From August 1, electronic invoices from cash registers must be implemented for golf course ticket sales and related services, as well as golfing apparel, equipment and accessories.

A plan for inspection and supervision will ensure business establishments’ understanding and compliance with tax regulations, promoting electronic invoices and preventing revenue losses. Tax department leaders and officials must propagate policies and legal regulations on tax declaration and electronic invoice usage to all relevant golf businesses.

The directive also includes evaluating tax management and planning for electronic invoices from cash registers for businesses generating revenue from tourist sites and entertainment activities, with reports due to the General Department of Taxation by August 1, 2024. — VNS

HDBank rolls out credit package worth $81.37 million to fund petrol stations switching to e-invoices

HDBank is deploying a programme that provides a solution set and a credit package worth VNĐ2 trillion (US$81.37 million) for fuel retailers, including financing of up to 60 per cent of the cost of installing an electronic invoice issuance system from March 1.

Economy

E-invoices generated from cash registers conducive to tax collection

Between late 2022 and July 17, 2023, more than 27,400 companies and individuals were registering as ECR issuers, with around 13.9 million e-invoices being issued.

Economy

Tightening management to prevent purchase and sale of e-invoices to evade taxes

GDT would urge and speed up the implementation of electronic invoices with the tax agency's code initiated from cash registers nationwide in the coming time, said Phạm Quang Toàn, head of the GDT's IT Department.

Economy

Action taken to boost the generation of e-invoices from cash registers

Generating e-invoices from cash registers was convenient for taxpayers. It also supports tax authorities in having database of goods and services transactions to serve the tax management and combat frauds and tax evasion.

Economy

VN to force retailers to generate e-invoices from cash registers

When the technical infrastructure and capacity were upgraded to meet the demand, the regulations about issuing e-invoices from cash registers must then be made compulsory together with the introduction of punishments for violations

Việt Nam needs development of green products exported to UK

Economy

UK’s carbon tax to affect VN exports

Economy

Việt Nam expects to officially export passion fruit to the US next year

Economy

VN faced with increasing trade defence investigations on rising protectionism

Economy

Experts point out economic growth drivers, challenges for next year

Economy

Thái Nguyên supports businesses to take advantage of UKVFTA to expand exports to UK

More on this story

Economy

Vietjet increases night flights to meet the rising travel demands

This summer, Vietjet will provide a total of 1.4 million tickets, equivalent to an increase of approximately 35 per cent in capacity , to serve mainly tourists on domestic routes.

Economy

No equitisation plan approved in five months

Not any enterprise had its equitisation plan approved in the first five months of this year, the Ministry of Finance reported on June 5.

Economy

Viettel honoured with First-class Fatherland Defence Order

Viettel Military Industry and Telecoms Group (Viettel) has received the First-class Fatherland Defence Order at a ceremony to celebrate the 35th anniversary of its founding.

Economy

Vietnam Airlines participates in 'CO2 Connect' project

Vietnam Airlines has signed an agreement to participate in IATA's CO2 emissions measurement project called 'CO2 Connect.'

Economy

Coffee exports reach $2.9 billion in five months, up 43.9 per cent

Despite impressive export value growth, Việt Nam’s coffee industry is facing a drop in output for export due to prolonged heat and drought.

Economy

Bắc Giang exports first batch of lychees to Germany

Bắc Giang lychees have been exported to more than 30 markets so far.

Economy

Output growth quickens amid sustained rise in new orders: PMI

The S&P Global Vietnam Manufacturing Purchasing Managers' Index (PMI) was unchanged at 50.3 in May, signalling a second consecutive marginal monthly improvement in business conditions in the sector.

Economy

Creating a legal corridor for personal data protection

The Ministry of Public Security in collaboration with the National Cybersecurity Association organised a workshop to develop personal data protection policies in Hà Nội on Wednesday.

Economy

Over $4.49 billion raised through G-bond auctions in five months

The State Treasury mobilised more than VNĐ127 trillion (US$4.5 billion) from G-bond auctions on the Hà Nội Stock Exchange (HNX), or 31.76 per cent of the annual plan.