Brian Jeffrey
Advancements in Vietnam’s Taxation Through Technology
Vu Le Huy, Deputy Director of the IT Department at the General Department of Taxation, emphasized the proactive approach of Vietnam’s tax sector in integrating information technology for efficient tax administration.
The inception of electronic tax filing in 2009 marked the beginning of a significant evolution, leading to over 100 million e-tax submissions and 50 million online payment transactions within the last 15 years.
As of July 2022, the mandatory use of electronic invoices has been implemented for all businesses and individuals, supported by a state-of-the-art IT framework that utilizes Industry 4.0 technologies for data interoperability related to electronic invoicing.
This electronic invoicing platform enables both sellers and buyers to access their complete invoicing records via the General Department of Taxation’s online portal, which is essential for tracking business operations. The system has successfully processed over 9.9 billion electronic invoices to date.
Moreover, the dedicated e-Tax Portal for foreign suppliers allows them to manage their tax registration, declarations, and payments remotely, no matter their global location.
This initiative has drawn 110 foreign suppliers from diverse countries, including the United States, Singapore, Ireland, and the United Kingdom, collectively contributing over VND 6.234 trillion in tax revenue in 2024 alone.
In addition to these advancements, the tax sector has introduced an e-commerce information portal to aid businesses and individuals reporting taxes from e-commerce activities. Currently, 407 online platforms have shared information with tax authorities through this portal.
