Unified Rollout of Electronic Invoices in Taxation

Through many forms of active and timely support, the Ca Mau tax sector has fostered an open business environment, enabling companies to expand and enhancing the fairness and creativity of the investment climate. "We are committed to continuing our support for businesses," said Mr. Chau Vinh Thuan, Director of the Ca Mau Tax Department.

Mr. Chau Vinh Thuan, Director of the Ca Mau Tax Department (center), engages in dialogue and addresses inquiries from local businesses

Many solutions launched to support businesses

In 2024, the Ca Mau tax sector was assigned to collect VND5,230 billion by the Prime Minister and the Provincial People's Council. In the first seven months of the year, the sector fetched VND3,350 billion for the State Budget, equal to 64% of the annual target and up 13% year on year. Excluding land use fees and lottery taxes, the value reached VND1,941 billion, achieving 62% of the annual target and marking a 15% increase year on year.

In addition to the achieved figures, the tax sector always upholds business development support criteria by adopting many practical support policies. It helps startups to complete initial tax administrative procedures in the fastest, most convenient and most economical way. At the same time, it facilitates businesses to access support information channels of tax authorities, shares and sides with them to feel assured in the locality.

“To achieve the above success, in addition to its effort, the tax sector receives enthusiastic direction and support from the Ministry of Finance, the General Department of Taxation and Party committees and authorities at all levels. In that spirit, the sector always closely monitors the progress of budget collection, evaluates and analyzes each collection area and each tax item; synthesizes and reports on collection results in a timely manner, and completes the assigned budget. With the spirit of solidarity, responsibility and effort of the leadership and all the staff, the sector is confident of reaping even more achievements and excellently completing its budget collection tasks in 2024,” Thuan said.

Accelerated application of electronic invoices

The scale of budget collection in Ca Mau province is among the lowest in the Mekong Delta with poor technology infrastructure. Accordingly, to apply electronic invoices, agencies and enterprises in the province still encounter certain hardships. In addition to difficulties in initial investment costs, small and micro businesses and households in Ca Mau province operate on a small, fragmented scale, with low levels of understanding, especially information technology and insufficient knowledge. They are hesitant and unwilling to make changes. Using electronic invoices, computers, network equipment, transmission services and many other costs are required.

To address difficulties, the tax sector has gradually focused resources on widely informing businesses of benefits and utilities of applying electronic invoices, and at the same time, coordinated with suppliers to organize many conferences to provide specific and detailed instructions on the steps for organizations and businesses to prepare technical infrastructure and operations to create and use electronic invoices. In its effort, the Tax Department aims to progressively modernize tax management and offer electronic tax services. It coordinates with tax units to promptly address difficulties faced by individuals and businesses in accordance with the law.

“Electronic invoices are a big step forward for the tax industry in digital transformation. The Chairman of the Ca Mau Provincial People’s Committee recently directed the drastic application of electronic invoices generated from cash registers, helping improve effective tax management and accelerate digital transformation in the tax sector and in the province. That is an important motivation for the tax sector, which works with the principle of “tax authorities are the companions of taxpayers”. We are committed to standing side by side with people and businesses through timely and effective application of support solutions so that people and businesses can confidently overcome difficulties, restore and develop production and business activities, and nurture a stable and long-term source of revenue for the state budget,” he added.

By Nguyen Mai, Vietnam Business Forum