Recently, Phu Tho Provincial Tax Department has advised businesses on 8 things to note when eliminating contract tax and switching to tax declaration.
Accordingly, to implement the policy of eliminating assigned tax to be declared for business households in communes of Phu Tho province in accordance with regulations and achieving high results, Phu Tho Provincial Tax notes the following key contents for business households:
(1) Business households determine which revenue group they belong to
(2) How to calculate VAT and personal income tax when switching to the declaration method
(3) Responsibility for declaring revenue and declaration period according to each group of subjects.
(4) Regarding electronic invoices, electronic invoices with codes of tax authorities, electronic invoices generated from cash registers.
(5) Business households must have a bank account for business activities
(6) Businesses can contact reputable electronic invoice solution providers; free support packages for quality accounting software and electronic invoices.
(7) Tax authorities have mobile support points and hotlines, 24/7 consultation and response to guide and support businesses in each stage: Register to use electronic transaction accounts, prepare and submit tax declarations, store invoices and documents and fulfill tax obligations according to regulations.
8. To update tax information as quickly and accurately as possible, it is recommended that business households contact the Phu Tho Provincial Tax Center via hotline number so that the Tax Authority will guide and promptly respond to business households.
