It is possible to point out that the digital revolution of the finance business impacts most units' management, direction, and administration in addition to altering thinking, awareness, and task handling techniques. One of the innovations in the "Financial Development Strategy to 2030" is the determination that "promoting modernization and developing digital financial platforms based on the application of information technology associated with digital transformation" is key. The Ministry of Finance has concentrated on efficiently deploying large, core information systems in close accordance with the national digital transformation program, with a special emphasis on assisting individuals in handling administrative procedure and businesses.
Photo: Quang Minh
Highlights of digital transformation in tax management
By deploying the digital map of company houses, for example, 2023 will see significant advancements in the tax administration process' digital transformation. Run an electronic invoicing system and database analysis system utilizing artificial intelligence (AI) and Big Data analysis to improve management and taxation. bills, severely regulate, stop, and fight tax refund fraud, and promptly identify instances of fraudulent activity.
According to the General Department of Taxation, all tax departments and tax branches have implemented the electronic tax declaration system. Out of the entire number of running firms, 922,649 have used electronic tax declaration services up to this point, resulting in a 99.95% participation percentage. There have been 15,602,319 electronic tax declaration dossiers received since January 1, 2023.
The General Department of Taxation has collaborated with 57 commercial banks in 2023 to implement services, disseminate information, and encourage businesses to use them. As of right now, 99.36% of businesses have registered with the tax authority to use the service; of all operating businesses, 99.21% have completed service registration with banks; and businesses have paid taxes through 3,794,112 electronic tax payment transactions totaling more than 8,21,629 billion VND and 4,804,030 USD.
As of right now, 7,964 out of 8,018 tax refund firms are involved in electronic tax refunds, which represents a 99% participation rate, according to the General Department of Taxation. A total of 16,711 system records have been electronically refunded, totaling more than 133,784 billion VND. Out of the 17,657 papers received and finished, 17,568 have been completed electronically, achieving a 99% completion rate.
With 63 provinces and cities nationwide having formally implemented the electronic invoicing system, 6.09 billion invoices have been received and processed to date.
74 overseas suppliers have registered, declared, and paid taxes through the General Department of Taxation's Electronic Information Portal for overseas Suppliers, according to the department. In all, 8,096 billion VND in tax have been paid by foreign suppliers; 6,896 billion of that amount have been disclosed and paid directly via the Electronic Information Portal, while 1,200 billion have been withheld and paid on behalf of Vietnamese parties.
There are currently 357 domestic e-commerce platforms that send data to tax authorities, and over 191,000 individuals and organizations transact business on these platforms. The amount of the transaction is around 59 trillion VND. Compared to the same period in 2022, there has been an increase in the amount of tax declared by companies and individuals conducting business on e-commerce trading floors in 2023. E-commerce income for businesses and individuals in the water reached 536.5 billion VND in 2023. In parallel, the tax administration has amassed and managed fines totaling approximately 275 billion VND from 179 companies and 1,061 people that conducted business on the e-commerce trading floor. The General Department of Taxation will continue to offer consistent instructions on receiving and processing data from domestic e-commerce trading floors in 2024 in an effort to further improve tax administration.
Vietnam Customs is committed to a complete digital makeover
The General Department of Customs has done a good job in 2023 of carrying out its mandate as the permanent organization of the National Steering Committee on the National Single Window, ASEAN Single Window, and Trade Facilitation. In parallel, the General Department of Customs actively studies and incorporates big data and AI into building management systems as part of its professional endeavors.
In terms of the Administrative Reform Index (PAR INDEX) of the Ministry of Finance, the General Department of Customs has been ranked first among general and equivalent units under the Ministry for the seventh year running. It also helps to raise the Index score.
In order to execute administrative processes on the National Single Window, the General Department of Customs is still in constant communication with ministries and branches. Over 67 thousand firms have benefited from the National Single Window's handling of 250 administrative procedures from 13 ministries and branches.
Furthermore, the General Department of Customs is in the process of developing the necessary conditions for connecting to and testing the exchange of quarantine certificates with all nine ASEAN nations by exchanging data on electronic form D certificates of origin. plants Maintain coordination in order to formally exchange ASEAN Customs declarations in accordance with ASEAN's plan, with the ASEAN Secretariat and the remaining ASEAN nations. The Eurasian Economic Union and the General Department of Customs have successfully completed and exchanged export customs declarations; facilitated the implementation of the Free Trade Agreement by signing a Memorandum of Understanding on the electronic origin data exchange system (EODES) with the Korean Ministry of Industry and Trade and the General Department of Customs.
The Government's resolutions on macroeconomic management, the industry's digital transformation plan, and the Customs Development Strategy to 2030, according to the General Department of Customs, aim to build a regular and modern Vietnam Customs that is comparable to the customs of developed nations worldwide, leading in the implementation of digital government and still in the process of developing a smart customs model. application to guarantee advancement.
The General Department of Customs stated that smart and digital customs would still be in use until 2024. The industry as a whole will endeavor to introduce a thorough digital transformation in every facet of the activity of the Customs sector, with an initial emphasis on resources. attempts are being made to effectively build an IT system for digital customs in order to satisfy professional standards for customs clearance.
The General Department of Customs will prioritize hiring and developing civil servants; creating a force and staff organization that is appropriate; and making good investments in new equipment to support state management of customs and support the business community in order to successfully implement digital transformation.
The Treasury encourages the delivery of online services
A State Treasury report states that all administrative procedures in the Treasury sector are now fully accessible online and integrated into the National Public Service Portal, which serves all qualifying units. mandatory involvement in internet-based public services.
The State Treasury has begun testing remote digital signing technology, which enables budget unit users to sign documents using biometric checks, improving the security and safety of network information while it's in use.
At present, the State Treasury is collaborating with the Government Office and associated departments to encourage the collection of levies, taxes, and penalties via the National Public Service Portal, thereby fostering advantageous circumstances for taxpayers. guidelines for providers to reduce expenses and collection time.
Thúy Nga
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