Banks are accelerating support for household businesses in their digital transformation.

The collaboration between credit institutions and tax authorities in supporting digital transformation for household businesses goes beyond simply implementing technological solutions; it also reflects a shift in approach from "management" to "partnership."

Supporting household businesses in accessing the digital ecosystem.

To support household businesses in adapting to new trends, the banking system nationwide has been proactively coordinating with tax authorities to implement digital transformation support programs, providing modern payment and management solutions, contributing to the stable and sustainable development of the individual economic sector.

In Khanh Hoa province, there are currently over 61,410 active business households, playing a crucial role in local economic development. With business activities increasingly linked to e-commerce and digital platforms, enhancing transparency and professionalism in management, transactions, and tax compliance in this sector is becoming an essential requirement.

Recently, Sacombank 's Khanh Hoa branch, in collaboration with the Khanh Hoa Provincial Tax Department, signed a cooperation agreement to implement solutions supporting digital transformation for business households in the area. Accordingly, the two parties will cooperate in disseminating information on new tax policies to business households at eight tax offices under the Provincial Tax Department. Simultaneously, business households will be guided on registering, declaring, and using electronic invoices in accordance with regulations.

Signing of a cooperation agreement between Sacombank Khanh Hoa Branch and Khanh Hoa Provincial Tax Department.

Simultaneously, Sacombank and the tax authorities will collaborate with reputable software providers in the market to support business households in accessing suitable technological solutions. These solutions include electronic invoices generated from cash registers, sales management software, digital signatures, point-of-sale equipment, and many other modern business management support tools. Through this implementation process, Sacombank will also introduce financial and banking products and services that meet the practical needs of business households, contributing to supporting stable and efficient production and business operations.

A representative from Sacombank's Khanh Hoa branch stated that, through close cooperation with the tax authorities, the bank is committed to supporting businesses in the area in accessing and effectively utilizing modern payment solutions, electronic invoices generated from cash registers, and sales and accounting management tools suitable for their scale of operation. In addition, Sacombank also focuses on providing timely technical support, ensuring information security and confidentiality, and fully complying with all legal regulations during the implementation of digital solutions.

Not only Sacombank, but also Agribank's Khanh Hoa branch and Agribank's Ninh Thuan branch had previously collaborated with the Khanh Hoa Provincial Tax Department to sign a cooperation agreement aimed at guiding tax policies, supporting business households in digital transformation, and implementing electronic invoices in the area.

The youth of Agribank Khanh Hoa Branch launched a campaign to support business households in their digital transformation.

Strengthening linkages to support household businesses.

At the signing ceremony for the cooperation agreement between Agribank in the area and the Khanh Hoa Provincial Tax Department, the units agreed on the goal of coordinating the dissemination of information to help business households understand and correctly implement tax laws and regulations. This will contribute to promoting the transition from lump-sum tax to declaration-based tax, in line with modern tax management principles.

Besides disseminating policy information, Agribank also implements many financial and payment support solutions for business households. The banking products and services offered include opening payment accounts, electronic banking services, electronic tax payment services, and payment acceptance services.

In addition, Agribank collaborates with technology solution providers to implement support packages for sales management, electronic invoices, and electronic invoices generated from cash registers. The bank also establishes channels for receiving information and providing technical support to promptly address any issues arising during the implementation process…

The workshop, organized by the local tax authority and Vietcombank Khanh Hoa, aimed to support business households in transitioning to a new tax management model.

According to Mr. Le Anh Tuan, Director of Agribank's Khanh Hoa branch, the signing of the cooperation agreement is being implemented in the context of many major policies and guidelines of the Party and State aimed at promoting the development of the private economy, accelerating digital transformation, and innovating management methods for the household business sector. Through the coordination between Agribank and the tax authorities, household businesses will gradually standardize their operations, improve management capacity, and increase transaction transparency. This will make it easier for them to comply with tax policies and access modern financial and banking services.

In addition to the aforementioned support activities, the local tax department and Vietcombank Khanh Hoa also organized a workshop titled "Accompanying Business Households in the Process of Transforming the Tax Management Model," attracting more than 200 business households in the area. At the conference, business households received specific guidance on the process of converting from lump-sum tax to declaration-based tax, how to use electronic invoices, especially electronic invoices generated from point-of-sale (POS) systems, as well as banking services supporting electronic tax payments and payments. The conference was lively and open, with many questions from business households being directly answered by the authorities, helping small business owners better understand the new regulations and feel more secure during the transition process.

The banking sector has been making efforts to support household businesses in their digital transformation.

According to Mr. Nguyen Van Thang, Deputy Head of the Tax Department of Khanh Hoa province, the coordination between tax authorities and credit institutions in supporting business households in digital transformation is very important. This activity not only helps business households fulfill their tax obligations correctly and completely but also creates conditions for them to gradually transition from the lump-sum tax method to the declaration method in a convenient manner.

In the context of increasingly changing business models, from traditional sales to multi-platform sales, e-commerce, and online transactions, the need to build a closed ecosystem for managing cash flow and tax obligations is becoming increasingly urgent. Within this ecosystem, banks play a crucial role as a link connecting payment activities, financial management, and tax compliance.

In fact, transparent business operations through the digital ecosystem bring many practical benefits. For tax authorities, management becomes more accurate, fair, and efficient, limiting revenue losses, especially in the context of the strong development of e-commerce. For business households, transparent transactions help improve management capacity and create favorable conditions to demonstrate financial capacity when accessing capital from banks…

Source: https://thoibaonganhang.vn/ngan-hang-tang-toc-ho-tro-ho-kinh-doanh-chuyen-doi-so-179027.html