Minister of Finance: Intentionally receiving cash without issuing electronic invoices is a violation of tax laws

(NLDO) - The Minister of Finance said that no business households have been fined for not complying with regulations on issuing electronic invoices, but will be fined in the future.

Delegate Pham Van Hoa, National Assembly Delegation of Dong Thap Province, recently questioned some business households about the confusion caused by tax collection through electronic invoices.

Delegate Pham Van Hoa, National Assembly Delegation of Dong Thap Province, questioned

Worryingly, some private traders circumvent the law by only collecting cash and not issuing invoices, saying that customers do not need them. So how do tax authorities handle this situation? Is not issuing invoices considered tax evasion?

The Minister of Finance replied that when implementing electronic invoices with business households, there were many problems, however, the Tax Department tried to coordinate with local authorities to guide and explain for business households to implement.

"The Tax Department has reported that it has not fined anyone for non-compliance with the invoice issuance regulations and has implemented maximum support. Later, when implementing, if business households intentionally violate the regulations, they will be fined," said Minister Thang.

According to the Minister of Finance, receiving cash without issuing electronic invoices is not common, only a few cases have been detected.

This is a violation of tax laws, so the authorities will increase coordination with relevant agencies to propagate and find a way to end this behavior.

Minister of Finance answers questions

From June 1, according to Decree 70, business households with annual revenue of over 1 billion VND in certain industries (food and beverage, hotels, retail...) must use electronic invoices generated from cash registers and connect data with tax authorities.

According to the Ministry of Finance's report, by the end of 2024, there will be about 3.6 million households and individuals doing business nationwide that are under tax management. Of these, the number of stable business households is 2.2 million.

Total tax revenue from this sector reached nearly VND26 trillion last year and many business households have large revenues, equal to small and micro enterprises.

According to statistics, there are more than 4,000 households with revenue of over 10 billion VND. Of these, 860 households have revenue of 30 billion VND or more.

5 households recorded revenue of over 200 billion VND per year, operating in the fields of seafood, food, pharmaceuticals, education and agricultural products.

Source: https://nld.com.vn/minister-of-finance-for-conducting-a-violation-of-electronic-don-without-appearance-of-electronic-don-196250619115002686.htm