From my perspective after 15 years on the ground, Vietnam's banking sector is undergoing a period of remarkable expansion, making it a focal point for global financial institutions from Southeast Asia and beyond. Reflecting the Vietnamese market's potential, the updated figures from the State Bank of Vietnam (March 30, 2025) show that the country's current […]
The Hanoi People's Committee has lately published Official Letter No. 1633/UBND-KTTH, which focuses on improving tax administration for homes and people that do business on digital platforms.
Accordingly, the Hanoi City People's Committee assigns tasks regarding to departments, branches, People's Committees of districts, and towns to perform in order to improve the efficiency of tax collection, prevent loss of state budget revenue, strengthen support for business households and individuals in well implementing new tax policies, change the method of declaring and using e-invoices, and contribute to promoting administrative reform and digital transformation.
This is one of the requirements of the Hanoi People's Committee to the authorities in the area to strengthen tax management for business households and individuals with e-commerce activities.
Furthermore, the Hanoi Tax Department continues to collaborate in order to review, capture, guide, and implement tax administration for households and individuals doing business on digital platforms (Google, Facebook, Youtube, etc. ); deploying and applying electronic invoices generated from cash registers (payment devices) with electronic data transfer connection with tax authorities.
The Hanoi City Tax Department also implemented the use of electronic invoices generated by cash registers (payment devices) linked to electronic data transfer with tax authorities; proactively propose and report to the City People's Committee to consider and direct departments, agencies, and People's Committees of districts and towns to closely coordinate with tax authorities to synchronously implement solutions to improve the efficiency of business tax management.
The Hanoi City People's Committee also assigned the Tax Department as the focal point for synthesizing difficulties and obstacles encountered while performing tasks and reporting them to the City People's Committee for consideration and direction.
The Department of Information and Communications collaborates closely with the Hanoi Tax Department to propagate and disseminate new policies and regulations for business households and individuals, ensuring that business households and individuals are aware of them.
According to the document, the Hanoi People's Committee also requested the State Bank - City Branch to direct and guide commercial banks in the area in providing information to the Tax Department about financial institutions' and individuals' e-commerce transactions.
People's Committees of districts and towns direct culture and information offices, and People's Committees of wards, communes, and townships coordinate with tax agencies in disseminating tax policies applicable to households and individuals doing business in their localities, particularly new tax policies that go into effect in 2022.
People's Committees of districts and towns direct culture and information offices, and People's Committees of wards, communes, and townships coordinate with tax agencies in disseminating tax policies applicable to households and individuals doing business in their localities, particularly new tax policies that go into effect in 2022.
The Hanoi City People's Committee also requested that the People's Committees of districts and towns direct the People's Committees of communes, wards, and townships to closely coordinate with tax authorities to review the area to manage the subjects; improve the role and responsibilities of the tax advisory council, advise tax authorities to determine the annual revenue and flat tax amount close to the reality of business households and individuals...
