From June 1, household businesses with annual revenue from VND 1 billion and operating in six specific business sectors under Decree No. 70 will be required to issue e-invoices generated from cash registers that are connected to the tax authority’s data system, instead of paying presumptive taxes as currently practiced.
Reforming Tax Management Policies for Household Businesses
This was affirmed by Mr. Nguyễn Nam Bình, Head of the Regional Tax Office II, at the conference to implement Government Decree No. 70 and sign an agreement to roll out e-invoices generated from cash registers between the tax office and solution providers, held on the afternoon of April 21.
Speaking at the event, Mr. Bình stated that the government is aiming to reform tax policies for household businesses by transitioning from the current fixed presumptive tax model to a system where businesses self-declare and pay their taxes.
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The goal of reforming tax management for household businesses is considered a key driver for boosting the private economic sector.
“Decree No. 70, recently issued by the Government, is a significant step in modernizing the tax sector, especially in expanding the use of e-invoices with tax codes generated from cash registers for household businesses.
This is one of the key solutions to enhance the efficiency of tax management and facilitate taxpayers,” Mr. Bình emphasized.
Ho Chi Minh City has around 200,000 household businesses, not including those renting out property. Of these, about 13,000 businesses have annual revenue over VND 1 billion and fall into the six business sectors specified in Decree 70. These businesses are required to use e-invoices generated from cash registers connected to the tax authority’s data system.
Implementation Starts on June 1
Household businesses in food and beverage, restaurants, and hotels are also among the groups required to use e-invoices from connected cash registers – Photo: QUANG ĐỊNH
The requirement to use e-invoices generated from connected cash registers for household businesses with annual revenue from VND 1 billion in six business categories will officially take effect from June 1, 2025.
The six sectors are: sale of goods and provision of services, including direct sales and services to consumers (shopping centers; supermarkets; retail (excluding automobiles, motorbikes, motorcycles, and other motor vehicles); food and beverage; restaurants; hotels; passenger transport services; direct support services for road transportation; arts, entertainment, recreation, cinema operations, and other personal services...).
To support household businesses, the Regional Tax Office II has worked with the HCMC Tax Advisory and Agency Association and prepared digital transformation solutions, including cash registers and e-invoices generated from them.
All solution providers have committed to offering free services to household businesses for 6 to 12 months to help them get familiar with and transition to the modern e-invoicing system. This also ensures they fulfill their tax obligations correctly, promptly, and efficiently.
Regional Tax Office II aims to have the e-invoice system from cash registers basically implemented for all qualifying household businesses in Ho Chi Minh City by May 25.
At the same event, a cooperation agreement was signed between the Tax Office and service providers, along with representatives of the HCMC Tax Advisory and Agency Association.
Mr. Nguyễn Ngọc Tịnh – Vice Chairman of the Association – stated that the use of e-invoices generated from connected cash registers for household businesses with annual revenue over VND 1 billion is an essential step to ensure transparent transactions and easier management. Most importantly, it boosts credibility and opens opportunities to expand into new markets.
“Household businesses shouldn’t worry. When using tax agency services, they’ll receive proper advice and support for tax declarations, invoice creation, and tax payments. No need to worry about procedures or waste time figuring things out, which helps avoid unnecessary mistakes.
This allows them to focus on growing their business instead of struggling with an increasingly modern and complex legal system.
Digital transformation is no longer a distant concept – it’s a ‘ticket’ for household businesses to enter a more professional playing field, access more sophisticated customers, participate in electronic trading platforms, and confidently grow,” Mr. Tịnh emphasized.
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Source: ÁNH HỒNG, Tuổi Trẻ Online
