Quang Ninh targets to complete the conversion of e-invoices by late December 2021

The information has been released at a virtual meeting chaired by Quang Ninh’s Vice Chairman, Nguyen Van Khang, on Nov.29 regarding the implementation of the e-invoice system in Quang Ninh.

As reported by the Quang Ninh Tax Department, as many as 8,644 businesses in the province have been eligible to convert their paper invoices into electronic ones.

The implementation of electronic invoicing system was officially launched on November 21. Since then, about 3,770 enterprises have registered for using e-invoices, accounting for 43.6% of the total number of businesses in the province.

The provincial Tax Department and its branches continue to coordinate with other units to achieve the goal of completing the conversion of e-invoices.

Vice Chairman Nguyen Van Khang directed the Tax Department to speed up the implemetation of e-invoice system to fulfill the task in late December, 2021.

The conversion of using e-invoices is supposed to be applied for individual business households within January 2022.

Fuctional forces need to provide businesses with active and timely support during the implementation of the system, he underlined.

Introduced in 2010, e-invoices have been well-received by the business community as they helped save time and expenses. They have also allowed the department to modernise its management system and to become more time-efficient. 

The Ministry of Finance issued a Circular guiding the implementation of e-invoices and decisions on implementing the e-invoice system in two phases.

The first phase started in November, 2021 in 6 localities including Hanoi, HCM City, Binh Dinh, Quang Ninh, Hai Phong and Phu Tho, and the second phase is scheduled to begin in April, 2022 in other 57 localities. It is expected that 100% of enterprises nationwide will have used e-invoices by June 30th, 2022.