Vietnam's General Department of Taxation's Information and TechnologyDepartment Deputy Director Pham Quang Toan spoke with the Hanoi Moi (NewHanoi) newspaper about e-invoicing nationwide.
What are the advantages of e-invoices, compared to traditional paper invoices?
Surveyresults in many countries showed many advantages in using e-invoice.First, enterprises save time, printing, transport, preservation, storingexpenses, as well as minimise risks of lost invoices during commercialtransactions by using e-invoices. It also helps enterprises inregistering and issuing invoices.
All of the invoice'sinformation would be updated in management systems that helped simplifyprocedures and reduce mistakes and time in tax declarations.
Incommercial transactions, it is difficult to re-edit the contents ofe-invoices due to historical data being saved and secured in computersystems of businesses and tax administrations.
Having anationwide trading network, better sellers or providers would manageincome hourly, through controlling their invoice issues, whicheffectively improved their management and operation.
Fortax management units, e-invoice implementation helps the tax sector byimproving the management of taxpayer's invoices. It would effectivelysupport the tax sector in checking invoices for timeliness and handlethe use of illegal invoices.
When e-invoices are usednationwide, the risk of fake invoices would be minimised due to allinvoice information and categories being available in the data basesystem of the tax sector.
There was the fact that enterprises needinvoices while they transported and distributed their products. Whatare the difficulties for enterprise in such cases?
Thee-invoice has legal value, like paper invoices that were permitted andregulated by the Ministry of Finance. On e-invoices, there aresufficient information about enterprises, date of issue, digitalsignatures and the tax sector's bar codes for verification and security.
E-invoice applications would permit enterprises to printe-invoices, accessing customers' signatures as with normal invoices. Sothat, enterprises should only submit their bar code or bring the printede-invoices for use in product transportation.
Authoritiescould use computers or smart phones for checking or verifyinginformation about enterprises through their bar codes. Thus, enterprisescould absolutely feel secure in using e-invoices.
The pilote-invoice model would be expanded throughout the country in the comingtime. Could you share some details of the model's expansion?
E-invoicewould be divided into two categories: For units with huge numbers ofinvoice issues, like the Electricity of Vietnam, water companies,telecommunication and aviation, e-invoices would be issued withoutverification from the tax sector.
Small and medium-sizedenterprises that directly exchange invoices together may require the taxsector's verification in some suspect cases.
About theimplementation route, e-invoices would be initially implemented in 200enterprises, before asking the Ministry of Finance to expand throughoutthe country. The tax sector expects to expand e-invoices to 50 percentof all enterprises after 3-5 years, and to all of the country'senterprises in the following 3-5 years.-VNA
What are the advantages of e-invoices, compared to traditional paper invoices?
Surveyresults in many countries showed many advantages in using e-invoice.First, enterprises save time, printing, transport, preservation, storingexpenses, as well as minimise risks of lost invoices during commercialtransactions by using e-invoices. It also helps enterprises inregistering and issuing invoices.
All of the invoice'sinformation would be updated in management systems that helped simplifyprocedures and reduce mistakes and time in tax declarations.
Incommercial transactions, it is difficult to re-edit the contents ofe-invoices due to historical data being saved and secured in computersystems of businesses and tax administrations.
Having anationwide trading network, better sellers or providers would manageincome hourly, through controlling their invoice issues, whicheffectively improved their management and operation.
Fortax management units, e-invoice implementation helps the tax sector byimproving the management of taxpayer's invoices. It would effectivelysupport the tax sector in checking invoices for timeliness and handlethe use of illegal invoices.
When e-invoices are usednationwide, the risk of fake invoices would be minimised due to allinvoice information and categories being available in the data basesystem of the tax sector.
There was the fact that enterprises needinvoices while they transported and distributed their products. Whatare the difficulties for enterprise in such cases?
Thee-invoice has legal value, like paper invoices that were permitted andregulated by the Ministry of Finance. On e-invoices, there aresufficient information about enterprises, date of issue, digitalsignatures and the tax sector's bar codes for verification and security.
E-invoice applications would permit enterprises to printe-invoices, accessing customers' signatures as with normal invoices. Sothat, enterprises should only submit their bar code or bring the printede-invoices for use in product transportation.
Authoritiescould use computers or smart phones for checking or verifyinginformation about enterprises through their bar codes. Thus, enterprisescould absolutely feel secure in using e-invoices.
The pilote-invoice model would be expanded throughout the country in the comingtime. Could you share some details of the model's expansion?
E-invoicewould be divided into two categories: For units with huge numbers ofinvoice issues, like the Electricity of Vietnam, water companies,telecommunication and aviation, e-invoices would be issued withoutverification from the tax sector.
Small and medium-sizedenterprises that directly exchange invoices together may require the taxsector's verification in some suspect cases.
About theimplementation route, e-invoices would be initially implemented in 200enterprises, before asking the Ministry of Finance to expand throughoutthe country. The tax sector expects to expand e-invoices to 50 percentof all enterprises after 3-5 years, and to all of the country'senterprises in the following 3-5 years.-VNA
