- Vietnam’s Ministry of Finance proposes requiring e-invoices for household businesses with annual revenue of at least 1 billion VND (approx. $40,000).
- The Vietnam Chamber of Commerce and Industry (VCCI) argues the threshold should be raised to 3 billion VND ($120,000) to avoid overburdening small businesses, citing financial and technological challenges, especially in rural areas.
- Dr. Nguyen Ngoc Tu supports keeping the 1 billion VND threshold, warning that raising it would exempt most businesses and undermine tax compliance and transparency.
- There is debate over consistency with existing tax benchmarks and concerns about the impact on the informal economy and digital transformation goals.
Source: vietnamnet.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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