Business to shift to e-receipts next yeardraft decree

12-Aug-2017 Intellasia | The Saigon Timse Daily | 6:00 AM Print This Post

From next year on, enterprises would not be allowed to print receipts or buy receipt forms, but to switch to using e-receipts, according to a draft decree prepared by the Ministry of Finance.

The draft decree, which will replace government Decree 51/2010/ND-CP if passed, requires businesses to use electronic receipts, except for some particular cases where they can buy receipt forms from tax authorities before they shift to using e-receipts.

Since 2010, enterprises have been allowed to print their own receipts. Only some businesses have still been required to buy receipt forms issued by the taxman.

The ministry has proposed enterprises immediately switch to using e-receipts if they currently do tax declarations online or use electronic banking services and signatures.

New enterprises could also use e-receipts as long as they meet requirements. They would have to register and regularly send data to the tax authority through a web portal.

Tax authorities will continue printing receipt forms for those in need until next June.

Data shows 60 percent of receipts in the economy are printed by businesses using e-receipt software.

For some particular products and services that use stamps, tags or tickets as receipts, the tax authority will provide special print receipts.

Receipts printed before 2018 can still be used but enterprises would have to gradually convert to using e-receipts, according to the draft decree.

Supermarkets and shopping malls can use receipts printed by cash registers but they have to send data to the tax authority on a regular basis.

The Ministry of Finance’s draft decree might be approved by the end of the year, said Bui Van Nam, general director of the general Department of Taxation. It is expected to make a huge change in receipt management, create a national database that can help stop the use of fake receipts or the sale of receipts, the biggest tax problem.

http://english.thesaigontimes.vn/55489/Business-to-shift-to-e-receipts-next-year—draft-decree.html

 


Category: Economy, Vietnam

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