Optimizing technology to detect fraudulent invoices

Current status of invoice usage in businesses

According to the General Department of Taxation, the total number of electronic invoices received and processed is more than 3.91 billion invoices, of which 1.14 billion invoices have codes; more than 2.77 billion invoices do not have codes.

Invoice fraud is causing a lot of trouble for the accounting industry.

As of the end of May 2023, 18,963 businesses registered to use electronic invoices with tax authority codes generated from cash registers, with the number of electronic invoices received from cash registers being 6,530,372 invoices.

The Ministry of Finance said that in recent times, the National Assembly, the Government and the Ministry of Finance have paid close attention to invoice management, however, there is still a situation of invoice trading and profiteering from state budget tax money.

From this, it can be seen that detecting fraud in invoice trading is an important issue in preventing abuse and negativity in the business system.

Managing invoices in businesses is time-consuming and costly.

Check to prevent fraud in invoice usage

In April 2023, Director General of the General Department of Taxation Mai Xuan Thanh signed Directive 01 on strengthening measures to review and inspect invoices to prevent fraud in the use of invoices.

According to the General Department of Taxation, it is necessary to grasp taxpayers who show signs of unfair business and tax declaration, goods imported into the warehouse without invoices or documents, sales revenue lower than incurred costs to check tax declaration revenue, invoices and documents.

In addition, review information about illegal electronic invoice sales on cyberspace platforms (facebook, website, zalo, ...) to trace the origin of the electronic invoices for sale (name, tax code, address, phone number, ...). In case of detecting violations of tax and invoice laws, promptly handle or consolidate the records, transfer to the police agency for handling according to regulations.

Technology 4.0 supports effective management of invoice fraud.

Detecting invoice fraud is a significant challenge and faces many difficulties such as: fraudsters constantly changing techniques to avoid detection. Lack of accurate data and information,... To overcome these difficulties, it is necessary to combine advanced technology, legal regulations, government and organization cooperation, along with continuous efforts to improve the ability to detect and prevent invoice fraud.

Accompanying businesses for sustainable development

Optimizing technology to detect fraud in invoice trading is an important factor in preventing fraudulent and negative activities in business systems.

The Smile Accounting Services Company uses specialized software in the accounting industry to optimize the control and management of paper invoices and electronic invoices of businesses, minimize operating costs, cut time but still ensure efficiency, easily detect and fix errors when performing manually, thereby helping businesses to easily compile documents and invoices and not have to worry about fake invoices affecting the company's reputation.

The Smile is proud to provide services and solutions to more than 1,000 businesses (with service contracts of over 3 years) and has full practice certificates recognized by the Ministry of Finance and the General Department of Taxation. Not only applying 4.0 technologies to the process to help businesses manage easily, but also committing to reasonable costs for all businesses from small - medium to large, long-standing or newly established.

Contact The Smile
Hotline: 1900 8888 72
Website: https://thesmile.vn/
Office 1:
LP-03.16 Landmark Plus building (internal Landmark 81 area), Vinhomes Central Park, 720A Dien Bien Phu, Ward 22, Binh Thanh, HCMC

Bao Anh

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