Vietnam records 47.6-fold increase in electronic invoices
The General Department of Taxation has reported a surge in the number of electronic invoices directly generated from cash registers, reaching a remarkable 104.8 million last year which represented a 47.6-fold increase compared to the initial implementation period.
By the end of last year, the country recorded 40,355 businesses registering to use electronic invoices generated from cash registers, or 94.36% of the planned target.
General Director of the general department Mai Xuan Thanh said the sector has rolled out the e-invoice system in 2021, contributing to reforming administrative procedures, reducing costs and improving business productivity.
Nguyen Thi Lan Anh, head of the Tax Administration Department for Small and Medium Enterprises, Business Households and Individuals, said several local tax authorities have achieved high results in the initiative, such as Ho Chi Minh City, Hanoi, Dong Nai and Quang Ninh.
In concerted efforts to facilitate the widespread adoption of electronic invoices generated from cash registers nationwide, tax authorities have embarked on campaigns to encourage taxpayers to seamlessly transition to and embrace this innovative form of invoicing, she added.
