​The Taxation Sector Issues more than 3 Billion E-invoices

​The Taxation Sector Issues more than 3 Billion E-invoices 19/04/2023 04:30:00 244

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Over 3 billion e-invoices have been issued - the figure was given by Mr. Dang Ngoc Minh, Deputy General Director, General Department of Taxation at the regular press conference of the first quarter of 2023 held by the Ministry of Finance in Hanoi on the afternoon of March 30, 2023.

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Mr. Dang Ngoc Minh, Deputy General Director, General Department of Taxation. Photo: Quang Minh.

According to Deputy General Director Dang Ngoc Minh, this is a remarkable achievement for the taxation sector, but it also puts great pressure on the taxation authorities in terms of management, especially risk management of e-invoices. Therefore, the General Department of Taxation is urgently implementing solutions in analyzing information to classify taxpayers with signs of risks in management and use of invoices for uniform application in e-invoice management.

Deputy Director General Dang Ngoc Minh said that, in addition to managing and operating e-invoice system in a stable and reliable manner, with invoices being timely coded, and information being fully sent and received, the taxation sector has strengthened control over the use of invoices by enterprises, such as promoting information reconciliation between invoices and value-added declarations, ensuring enterprises to declare correctly, sufficiently, without delay payment of value added tax. Thereby, frauds and errors in using e-invoice will be soon detected and subject to timely measures.

The General Department of Taxation is currently accelerating the application of risk assessment criteria in invoices using, in order to detect high-risk cases that must be inspected and inspected. The risk assessment criteria are expected to launch in early May 2023.

The General Department of Taxation also strengthens common control functions, applies big data processing technology, and artificial intelligence (AI) technology, thereby helping the taxation sector in analyzing e-invoice data to determine abnormal goods value; strengthens inspection and supervision through e-invoice and big data systems to classify cases that need regular monitoring and inspection to detect risks, tax refund fraud (per goods items, enterprises exporting risky products, tax refund records...).

For determination of abnormal goods value, the General Department of Taxation uses statistical methods to find abnormal price; using clustering algorithm, machine learning to find difference from purchasing and selling chains, from which to detect abnormal chains such as: buying only, selling only, circling buying and selling, self-invoice issuing... or detecting chains related to companies of tax un-declaration, tax debt, runaway, missing, etc.

On December 15, 2022, the General Department of Taxation officially implemented e-invoice with the tax authority's code generated from the cash registers to meet the provisions of Decree No. 123/2020/ND-CP, Circular No. 78/2021 /TT-BTC and the process of managing e-invoices with the tax authority's code generated from the cash register as promulgated together with Decision No. 1391/QD-TCT dated August 23, 2022. During the implementation process, the General Department of Taxation has received feedback from organizations, businesses, and business households on some problems related to the provision of e-invoice services initiated from cash registers.

The General Department of Taxation shall discuss on solutions to handle problems in providing and implementing e-invoices created from cash registers. The General Department of Taxation will hold meetings with 63 local Taxation Departments and e-Invoice service providers (25 organizations on data receipt, transmission and storage, 95 organizations providing e-invoice solutions) and a number of organizations providing sales solutions.

(Thu Hằng)

 

 

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