Tax industry promotes the application of electronic invoices

Recently, along with the implementation of electronic tax applications, to contribute to database integration, serving tax management as well as state management in general, the tax sector has promoted the implementation of electronic invoice applications.

This is one of the important management information that needs to be standardized and updated with international practices to better serve the exploitation and use of information.

Since the tax sector deployed the electronic invoice system (July 1, 2022), through tax management procedures, the tax authority has analyzed, compared, and evaluated each electronic invoice that taxpayers submit to the electronic invoice data system. From there, the tax sector has detected illegal use of invoices as well as illegal use of invoices and promptly handled violations, ensuring the strictness of the law is enforced, creating a healthy and fair business environment.

With a modern information technology platform, the electronic invoice system keeps track of all data of buyers and sellers; electronic invoice data has also been integrated with the data system of tax authorities in particular and other state management agencies in general.

Therefore, in case buyers and sellers violate invoices to declare input VAT deductions, reduce VAT payable, increase VAT refunds, legalize smuggled goods, falsely establish costs incurred, reduce taxable income leading to a reduction in corporate income tax payable... they will be detected and handled according to regulations.

The General Department of Taxation said that Clause 1, Article 16 of Decree No. 123/2020/ND-CP dated October 19, 2020 of the Government has detailed regulations on cases of stopping the use of electronic invoices. However, in reality, there are still cases of taxpayers committing fraudulent acts on electronic invoices for the purpose of tax evasion and appropriation of value-added tax, legalizing expenses to appropriate state budget money.

According to the General Department of Taxation, the use of illegal invoices and the illegal use of invoices not only cause loss of revenue to the state budget but also cause unfairness and affect the healthy business environment.

The electronic invoice management application will automatically send daily notifications to taxpayers who are sellers on the electronic invoice usage warning list and have generated electronic invoices on the warning day.

Quoc Tuan

Source: https://vietnamnet.vn/nganh-thue-day-manh-trien-khai-ung-dung-hoa-don-dien-tu-2335376.html