HCM City: Hundreds of thousands of invoices with identification codes are sent via tax authorities

09:36 | 16/05/2018 Finance Follow english.haiquanonline.com.vn on

VCN – HCM City Tax Department is expanding electronic invoicing with the identification code system of the Tax authority for enterprises in areas for increasing the number of electronic invoices.

HCM City Tax Department implements many solutions for supporting enterprises. Photo: T.H

In the first four months of 2018, the number of invoices that were sent to get identification codes was 264,482, with a total revenue of more than 4,266 billion VND, the total value of tax that has been verified is 376 billion VND, an increase of nearly 16% compared to the same period in 2017. Through this, reducing administrative procedures and protecting against the possibility of enterprises counterfeiting state invoices.

According to HCM City Tax Department, there are 221,804 enterprises operating in Ho Chi Minh City.

By the end of April, the number of enterprises registered for electronic tax payment reached 96.72% compared to operating enterprises. In particular, the number of business accounts registered successfully at commercial banks reached 93.7% of the total number of operating enterprises; The number of enterprises that have paid taxes by electronic tax payment is 87.24% of the total number of operating enterprises.

By Lê Thu/Thanh Thuy

Tags:

Related News

Applying coercive measures for many businesses owing billions of tax

09:24 | 12/10/2022 Anti-Smuggling

VCN - Many businesses that owe tax with large amounts of money have been forced to stop implementing customs procedures in the whole country from October 12, 2022.

HCM City prevents tax loss from e-commerce

20:03 | 27/08/2022 Finance

VCN – In recent years, especially during the Covid-19 pandemic, e-commerce has been developing rapidly in Vietnam. The rapid development along with the diversification of new forms of e-commerce have posed new and significant challenges for authorities in tax administration. Customs News spoke to Mr. Le Duy Minh, Director of HCM City Tax Department about the issue.

Electronic invoice deployment centres put into operation

19:16 | 26/10/2021 Finance

The General Department of Taxation has opened a series of electronic invoice deployment centres, located at its headquarters and the taxation departments in six localities.

HCM City: Customs and Tax coordinate to combat revenue loss

18:02 | 16/06/2021 Anti-Smuggling

VCN - In the plan to strengthen revenue management, urging collection and fight against revenue loss in 2021, Mrs. Phan Thi Thang, Vice Chairman of HCM City People's Committee, Director of HCM City Steering Committee on prevent revenue loss, suggested that the HCM City Customs Department and Tax Department should cooperate with other units to combat the revenue loss.

Latest News

Corporate bonds worth 1.1 billion USD issued in March

13:55 | 06/04/2023 Finance

The corporate bond market is showing signs of recovery with a notable increase in both the number of issuers and the value of issued bonds in March.

Tax revenue is estimated at VND 426,922 billion in the first quarter

09:56 | 06/04/2023 Finance

VCN - In the first three months of the year, state budget revenue managed by the tax agency was estimated at VND426,922 billion, equaling 31.1% of the ordinance estimate and 104.6% over the same period. Domestic revenue is estimated at VND411,418 billion, equaling 30.9% of the estimate, up 5.3% over the same period in 2022.

Nearly 400 complaints about insurance distribution through banks on Ministry of Finance hotline

14:47 | 04/04/2023 Finance

VCN - A representative of the Ministry of Finance said that the Ministry had organized a specialized inspection team on insurance distribution through banks for four insurance companies. The team is finalizing inspection conclusions.

Central bank starts huge credit package for social housing projects

14:42 | 04/04/2023 Finance

Developers of social housing projects buyers of this kind of houses are entitled to benefit from a credit package worth 120 trillion VND (5.1 billion USD) which was started by the State Bank of Vietnam (SBV) earlier this month.

More News

In Q1, State revenue estimated to rise by 1.3%

13:28 | 04/04/2023 Finance

VCN - Total state budget expenditure in the first quarter of 2023 is estimated at VND363.4 trillion, equaling 17.5% of the yearly estimate and rising by 7.2% year-on-year.

Consider raising the level of penalties to ensure fairness and transparency in the stock market

13:27 | 04/04/2023 Finance

VCN - Mr Pham Hong Son, Vice Chairman of the State Securities Commission, discussed solutions to improve the capacity, improve fairness and transparency of the stock market.

Central bank cuts policy interest rates to spur growth

17:43 | 02/04/2023 Finance

The State Bank of Vietnam (SBV) announced it would reduce several policy interest rates from April 3, the second cut within one month, the regulator announced on its website March 31 night.

Ensure policies to attract investment when implementing global minimum tax

10:33 | 02/04/2023 Finance

VCN - On the afternoon of March 30, in Hanoi, the Ministry of Finance held a regular press conference in the first quarter of 2023, chaired by Deputy Minister of Finance Nguyen Duc Chi. Many issues related to the tax field were discussed and answered at the conference.

SBV asks to issue revised decree on foreign ownership cap at Vietnamese banks

20:30 | 01/04/2023 Finance

The State Bank of Vietnam (SBV) has suggested the Government to issue a revised decree on foreign investors buying shares from Vietnamese credit institutions.

Solutions to attract FDI when implementing the global minimum CIT

11:38 | 01/04/2023 Finance

VCN - On March 29, the Vietnam International Arbitration Center (VIAC) and the Center for International Integration, the Ho Chi Minh City Institute for Development Studies, jointly held a seminar on Global Minimum Corporate Tax – outlook and challenges in attracting foreign investment (FDI) in Ho Chi Minh City.

Effective implementation of tax incentives as driving force for growth in trade turnover between Vietnam and Cuba

13:43 | 31/03/2023 Finance

VCN – The promulgation of Vietnam's Decree on Vietnam's special preferential import tariff to implement the Vietnam-Cuba Trade Agreement for 2022-2027 creates a stable and open legal framework, facilitates import and export activities, brings expected great benefits to the business community of the two sides, promote two-way trade turnover and develop Vietnam-Cuba trade relations.

Being many "hot" issues at the general meeting of shareholders of banks

09:24 | 30/03/2023 Finance

VCN - International Commercial Joint Stock Bank (VIB) will be the first bank to hold a general meeting of shareholders this week, and then April will be the "peak" for banks to deploy.

Bringing the policies on reducing land rent and water surface rent into life

15:41 | 29/03/2023 Finance

VCN - The tax sector is drastically implementing dissemination and support to make the policy of reducing land rent and water surface rent in 2022 fully effective.

Your care

The system has not recorded your reading habits.

Please Login/Register so that the system can provide articles according to your reading needs.

Latest Most read