VCCI proposes easing e-invoice rules for household businesses
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The Vietnam Chamber of Commerce and Industry (VCCI) has proposed easing electronic invoice regulations for household businesses, urging the Ministry of Finance to amend Decree 123/2020/NĐ-CP. The current requirement for businesses with annual revenue over VNĐ1 billion to issue e-invoices with buyer identification is seen as burdensome, particularly for small businesses in retail and food services. VCCI suggests allowing e-invoices without buyer identification for non-business individuals and highlights challenges faced by ride-hailing companies in issuing periodic invoices. Adjusting these regulations could reduce compliance costs while ensuring effective tax management.
Source: Vietnam News The copyright of this article belongs to the original author/organization.
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