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Modernizing Tax Administration: E-Invoices Transform Household Businesses for Transparency and Fairness

  • Since 2022, the tax sector has implemented e-invoices from cash registers to modernize tax administration.
  • From June 1, 2025, certain household businesses must issue e-invoices if their annual turnover is 1 billion VND or more.
  • Approximately 37,500 household businesses must switch to e-invoices, with 73,700 businesses registered by June 20, 2025.
  • Some businesses registered voluntarily, reducing costs and increasing professionalism.
  • The tax sector focused on taxpayer communication and cooperation with solution providers for cost-effective e-invoice software.
  • E-invoice service providers offered incentives like free software and consultancy services.
  • Challenges include misunderstandings and temporary business closures due to increased inspections.

Source: en.nhandan.vn

Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.

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