The tax sector is committed to supporting households to conveniently use electronic invoices. It is recommended that business individuals do not conceal their revenue and fully declare and pay taxes to avoid being penalized.
Business households with revenue of over 1 billion VND/year have been using electronic invoices from cash registers, connected to tax authorities for 5 days. Some households still encounter difficulties in the first days of implementation. Even, as we have reported, a few business households have not accepted payment by bank transfer, or used accounts that are not in their own name for the purpose of "tax avoidance".
So, can we avoid tax by avoiding money transfers? The Tax Department has just organized an online conference with 350 points nationwide to answer questions from business households.
From June 01, businesses will use electronic invoices. Every sale and purchase order will be transparent. Many businesses are wondering if revenue suddenly increases, will the tax department collect taxes from previous months?
Ms. Nguyen Thi Cuc - President of the Vietnam Tax Consulting Association said: "In the last 6 months, there was only 500 million, but from June 01st, the invoice issuance sometimes increased to 06 million or 300 million/month. They want to ask, so if we comply with issuing invoices, will the tax authority come back to collect from us what we issued in the first 400 months of the year?"
The representative of the Tax Department said that they will not collect back the previous months. Mr. Mai Son - Deputy Director of the Tax Department, Ministry of Finance said: "If the invoice still reflects the current revenue, which is equivalent to the contracted revenue, then nothing will change. Only when the revenue increases by more than 50% compared to the current level, will the tax authority make adjustments."
Regarding the recent situation of some business households not accepting money transfers, with the purpose of “tax avoidance”, the representative of the Tax Department said that this is only the case of a few households, not common. The tax sector has the ability to monitor and manage the revenue of each business household.
Mr. Mai Son - Deputy Director of the Tax Department, Ministry of Finance said: "In the case of cash collection, we check through the ship code, through transportation. Now, collecting cash and transporting it yourself is very difficult, it has to go through intermediaries. Therefore, we still have information to determine this transaction regularly and continuously in a day, even if using other accounts, we also have the business of sharing the database, ensuring that it is only for tax management purposes".
The Tax Department recommends that business individuals do not conceal their revenue and declare and pay taxes fully to avoid being fined or even prosecuted for tax evasion. The Tax Department pledges to visit each business household to “hold hands and guide them”, supporting them in using electronic invoices conveniently.
The Ministry of Finance has directed specialized units to review and complete financial support policies for business households to rent and purchase accounting software and shared digital platforms, in order to reduce costs, promote digital transformation and improve transparency in management.
