The actual revenue control of business households, traditionally reliant on self-reporting and subjective estimates, is gradually being replaced by a real-time digital monitoring system. This shift reflects both the State’s efforts to enhance management and the ongoing challenges posed by various forms of tax evasion. As of June 1, 2025, Vietnam’s tax management system for business households entered a pivotal phase. This development marks not only a technological upgrade in tax administration, but also a significant policy milestone aimed at transforming the informal economic sector into one that is transparent and financially accountable. Policy landmark One of the most notable new regulations, effective June 1, 2025, requires business households with annual revenue of VND1 billion or higher to issue electronic invoices through point-of-sale (POS) systems. These invoices must be printed immediately upon transaction and transmitted in real time to the General Department of Taxation. This system is designed to ensure complete transparency in sales reporting, leaving no room for off-the-books transactions. In addition to business households, the regulation extends to sectors deemed at high risk of tax loss, such as food and beverage, retail, beauty care, repair, and lodging, even if businesses in these sectors generate less than VND1 billion […]
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