The national e-invoicing system made debut this morning in the presence of Prime Minister Pham Minh Chinh, targeting to save time, cut costs, and prevent invoice frauds.
This is a step forward to the deadline fixed by the Government to make e-invoicing mandatory from July 7, 2022.
E-invoices, first introduced in Viet Nam in 2010, have been welcomed by business community as it helps save time and expenses.
From November 21, 2021, the provincial departments of taxation of six cities and provinces namely Ha Noi, Ho Chi Minh City, Hai Phong, Quang Ninh, Binh Dinh, and Phu Tho started to issue e-invoices before expanding to 57 other localities.
Statistics showed that in Viet Nam the rates of online tax registration, online tax declaration, online tax payments and online tax refunds respectively reached 100 percent, 99.9 percent, 99 percent, and nearly 98 percent./.