Eliminate lump-sum tax: LPBank opens a solution package to help business households and small traders convert easily

Recently, in Ho Chi Minh City, the Conference "Transforming tax/cash flow management models and methods for business households when eliminating lump-sum tax" attracted more than 500 business households in the area to participate. The event was organized by LPBank in coordination with Ben Thanh Ward People's Committee, Tax Department 1 and MISA Joint Stock Company, to support the small business community in adapting to the Government's new tax reform roadmap, which is expected to eliminate lump-sum tax from 2026.

The conference was organized by LPBank in coordination with MISA Joint Stock Company, Ho Chi Minh City Tax Department 1 and Ben Thanh Ward People's Committee.

Comprehensive financial solutions exclusively for business households

According to Resolution 68-NQ/TW and Decision 3389/QD-BTC, from 2025 to 2026, business households will have to use electronic invoices, open bank accounts and declare taxes on digital platforms. The transition from a lump-sum tax model to a new management form makes many small traders worried. "I am used to keeping books and collecting cash. Switching to software and electronic invoices is really a challenge," said Ms. Diem My, owner of a restaurant.

The event attracted more than 500 business households in Ben Thanh ward to participate.

In response to the great need for transformation of the business household/small trader community, LPBank introduces a comprehensive set of financial and technological solutions to support the core "problems" of small traders in the new period. Accordingly, LPBank will provide preferential loans with simple procedures, helping business households/small traders quickly have resources to upgrade and expand their business.

In addition, to help businesses/small traders get used to cash flow management, LPBank provides a simple digital payment toolkit such as QRShop and Loa Loc Phat. In particular, the Loa Loc Phat device has the feature of reading instant balance fluctuation notifications to help shop owners track cash flow accurately without having to constantly check their phones, limiting the risk of loss in cashless transactions.

With the tax connection infrastructure, LPBank will act as an electronic payment gateway, directly connecting the declaration software (MISA) with the tax authority, helping taxpayers fulfill their financial obligations quickly, accurately and minimizing errors.

Mr. Dang Cong Hoan - Deputy General Director and Director of LPBank Retail Banking spoke at the event

Mr. Dang Cong Hoan, Deputy General Director and Director of LPBank Retail Banking, spoke at the event.

Mr. Dang Cong Hoan, Deputy General Director and Director of LPBank Retail Banking shared: “LPBank wishes to become a trusted companion, contributing to the transparency of business finance according to the policies of the Party and the State. We not only provide capital, but also help customers manage, optimize and develop sustainably in the digital age”.

Replicate the model nationwide

The highlight of the program is the 4-party coordination model, creating synchronization between management agencies, technology enterprises and commercial banks. This model is expected to promote tax management efficiency, reduce pressure on taxpayers and contribute to building a transparent financial ecosystem, helping people feel secure in doing business.

With a pioneering role in promoting comprehensive finance, LPBank plans to replicate this model in many other localities such as Hanoi , Phu Tho, Nghe An, Da Nang and Can Tho. Thereby, the bank expects to support millions of business households across the country to smoothly transition to the electronic tax application phase in the coming time.

Source: https://baodautu.vn/xoa-thue-khoan-lpbank-mo-goi-giai-phap-giup-ho-kinh-doanh-tieu-thuong-chuyen-doi-de-dang-d435385.html