Over 8,000 household businesses and individuals in Hanoi use e-invoices
Over 13,200 household businesses have paid taxes online after nearly two months of the implementation.
An estimated over 8,000 household businesses and individuals in Hanoi have been issued e-invoices, according to the Hanoi Department of Taxation.
|Hanoi identifies e-invoices as a key step for digitalization. Photo: The Hanoi Times|
Since January 1, the municipal Department of Taxation started issuing e-invoices for all business entities, with the target that 100% of them implement e-invoicing by June 30, 2022.
According to the Department, the implementation of e-invoices among individuals and household businesses is facing mounting difficulties due to the serious Covid-19 pandemic that has been disrupting economic activities.
In this context, taxation authorities have been instructed to lend hands-on support to businesses and address their concern throughout the process.
Meanwhile, the rate of online tax declaration and payments in Hanoi has reached over 98%, and that of online tax refund has been 100% for export services and investment projects.
Over 13,200 household businesses paid taxes online with around VND346 billion (US$15.1 million) after nearly two months of the implementation.
Hanoi is among six provinces/cities, along with Ho Chi Minh City, Haiphong, Quang Ninh, Binh Dinh, and Phu Tho piloting e-invoices. Once the testing phase is completed, the use of e-invoices would be expanded to the remaining 57 localities from April 2022.
Chairman of the Hanoi People’s Committee Chu Ngoc Anh stressed the use of e-invoices is a key step towards the modernization of tax management, that would directly impact the business environment and national competitiveness.
Anh said the local authorities are committed to creating the utmost convenience for businesses and taxpayers to switch to e-invoicing.
- Vietnam c.bank reportedly sells over US$10 billion from FX reserves
- Vietnam Deputy PM expects no disruption to petrol supplies
- Standard Chartered launches new head office in Hanoi
- Central Bank ready to meet market demand for foreign currencies
- C.bank expects Vietnam's inflation to stay below 4% in 2022
- Vietnam’s green, social and sustainability debts total US$1.5 billion in 2021
- Finance ministry proposes drastic cut in environmental protection tax on fuel
- Vietnam parliament calls for removing credit quota policy
- Vietnam's economic recovery fuels high credit growth: C.bank
- HSBC revises down Vietnam's inflation forecast to 3.5% in 2022
Vietnam to draft national action plan for circular economy adaptation
Hanoi welcomes over 8.6 million visitors in first half of 2022
Agritech, Greentech, Deeptech and Foodtech - foreign funds interests in Vietnam
Australian Foreign Minister enjoys Pho ga in Hanoi
Hanoi GRDP growth hits 7.79% in first half
Hanoi selects final design of Tran Hung Dao Bridge
Fiercer storms forecast to hit Vietnam towards year-end
Bun cha listed in the British Queen's Platinum Jubilee Cookbook
Hanoi seeks UNESCO’s support in culture, education and tourism