Proposal to increase revenue from electronic invoices of business households to 2 - 3 billion VND/year

(NLDO) - VCCI HCM recommends that the Tax Management Law (replacement) increase the revenue of business households issuing electronic invoices to 2-3 billion VND/year.

VCCI HCM recommends tax exemption and reduction for the first 6-12 months for vulnerable business households when lump-sum tax is abolished

There are still some unclear points.

On August 1, giving comments at the Workshop on soliciting opinions on policy orientation of the draft Law on Tax Administration (replacement), organized by the Ministry of Finance in Ho Chi Minh City, a representative of the Vietnam Federation of Commerce and Industry, Ho Chi Minh City branch (VCCI HCM) said that the draft Law on Tax Administration (replacement) still has some unclear points.

According to VCCI HCM, Decree 70/2025/ND-CP, effective from June 1, stipulates that business households and individuals paying lump-sum tax with revenue of 1 billion VND/year or more must use electronic invoices from cash registers connected to tax authorities.

However, VCCI HCM cited data from the Ministry of Finance showing that out of more than 5 million business households nationwide, about 3.6 million households are under tax management, but only 37,000 households with revenue of over 1 billion VND must apply electronic invoices, which is less than 1% of the total number of households.

Therefore, VCCI HCM believes that the revenue threshold of 1 billion VND is creating many concerns for grocery and food service businesses because the profit is very thin. These businesses applying electronic invoices from cash registers connected to tax authorities and paying taxes based on the revenue ratio may lead to a situation of high revenue but low profit or loss.

Some VCCI surveys show that 66% of business households predict increased costs, 56% predict decreased revenue, 64% predict decreased profits; 63% plan to reduce scale, 23% temporarily stop business if difficulties persist. In particular, the group of households with over 1 billion VND is the most concerned group.

Proposed exemption for the first 6-12 months

Therefore, VCCI HCM recommends that the Draft Law on Tax Administration (replacement) clearly stipulates a minimum transition period of 1 year and no penalties in the initial stage so that business households have time to prepare; at the same time, raise the threshold for applying electronic invoices from cash registers connected to tax authorities from 1 billion VND to 2-3 billion VND/year, in line with reality, allowing small retail households (grocery stores, restaurants) to use simple invoices, without requiring immediate connection. There is a mechanism for tax exemption/reduction for the first 6-12 months and support for software and cheap cash registers, especially for vulnerable households.

Source: https://nld.com.vn/kien-nghi-nang-doanh-thu-ho-kinh-doanh-len-23-ti-dong-nam-moi-xuat-hoa-don-dien-tu-196250801102422575.htm