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Enterprises ask ministry not to make haste on e-invoice

Minh Tam
Wednesday,  Sep 13,2017,18:44 (GMT+7)
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Enterprises ask ministry not to make haste on e-invoice

Minh Tam

HCMC – While admitting huge benefits of electronic invoices, many enterprises find it hard to issue e-invoices from next year as required, while others want to decide which form of invoice is best for them, instead of being forced to use e-invoices.

At a seminar held last week to collect comments on a draft decree on invoices held by the HCMC branch of the Vietnam Chamber of Commerce and Industry (VCCI), many businesses expressed concerns over the new regulation that forces enterprises to use e-invoices from early next year.

Meanwhile, Nguyen Ngoc Tuan, vice chairman of the Dong Nai Association of Accountants, said the use of e-invoices from early 2018 to report sales data to tax offices may cause wastefulness. He proposed a longer time to prepare for the e-invoice application and no punishment for the use of paper-based invoices.

A representative of Nestle Vietnam agreed that the time left to prepare for implementing the new regulation is too short, while Liksin Corporation proposed that the Ministry of Finance allow businesses to decide which is good for them.

Phan Thi Linh Thai from Ajinomoto Vietnam said the company has yet to issue e-invoices due to numerous obstacles such as differences in technological platforms of its customers.

Nguyen Thi Thuy Minh, an accountant at Orient Commercial Bank (OCB) which has issued e-invoices since last year, said the benefits of e-invoices to banks are considerable. However, she proposed cutting a fee of VND300 for an e-invoice which is not in line with the target of reducing business costs and said she expected that enterprises could be given leeway.

Nguyen Thi Thu Ha from the General Department of Taxation said e-invoicing is becoming a global trend and the tax agency wants more agencies and firms to use e-invoices.

Online tax declaration and digital signature services as well as software are available and it is necessary to have a standard invoice to ensure connections and transmissions among relevant agencies nationwide, said Ha.

The tax offices will support enterprises to save costs and make the most of available resources, she added.
A representative of the Department of Information Technology of the General Department of Taxation said competent authorities have confidence in the transition. However, many enterprises may have difficulty issuing e-invoices.

The draft jointly prepared by the General Department of Taxation and the Ministry of Finance is aimed at replacing paper invoices with electronic ones to cut procedures and create a more transparent business environment.

The tax agency proposed that the current number of 830 enterprises using e-invoices in the country should maintain the current procedures, but tax data and declarations must be periodically sent to the tax authorities from January 1, 2018.

Risky enterprises which purchase paper invoices from tax offices must use e-invoices with verification codes issued by tax authorities from January 1 next year while other enterprises using paper invoices printed by themselves will implement the regulation from July 1, 2018.

The tax offices allow firms to continue using paper invoices that are already printed within 2018.

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