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.
Other News
- Finance ministry clears bottlenecks to pave way for stock market upgrade
- Over 60% of Vietnamese use QR codes to pay
- Casinos contribute US$370 million to state budget over 5 years
- Standard Chartered and IATA partner to launch IATA Pay in Vietnam
- Vietnam’s capital market shows positive signs: Finance Ministry
- Prime Minister urges banks to cut lending rates further
- Potential upgrade to emerging status may pull US$25 billion into Vietnam’s stock market
- Vietnam to finalize legal framework for digital assets in May
- VCCI hosts 14 international investors to study Vietnam's potential
- Enhanced local trade finance in Vietnam: A potential US$55 billion annual trade boost
Trending
-
Hanoi, a city of music in the making
-
Vietnam urges respect for international law in East Sea
-
Hanoi kicks off communication contest on Dien Bien Phu victory
-
French education group Odyssey keen on strengthening cooperation with Hanoi
-
Hanoi, Shanghai strengthen investment cooperation
-
UOB Painting of the Year Award opens doors to the world for Vietnamese artists
-
Grapefruit blossom perfume Hanoi's air
-
MICE tourism: Vietnam's lucrative “golden market” unveiled
-
Vietnam: Sleep Tourism on the rise