Implementing Resolution No. 68-NQ/TW, the Ministry of Finance is preparing to eliminate the form of contract tax for business households, switch to the mechanism of self-declaration and self-payment of taxes based on actual revenue, and at the same time expand the implementation of electronic invoices generated from cash registers.
Mr. Mai Son - Deputy Director of the Tax Department (Ministry of Finance) - said that the elimination of contract tax has many important meanings in the development of the private economy and state management. This is a step to improve transparency and fairness in tax management, helping tax authorities have more accurate information, and taxpayers to demonstrate their responsibility to the community and the country.
To deploy, the Ministry of Finance is performing a number of specific tasks. In particular, on the completion of the law, the Ministry proposed the amendment of tax laws and tax administration laws in the direction of fully abolishing the mechanism of contracting, switching to the application of self -declaration and self -payment mechanism, accompanied by accounting books and invoices. At the same time, studying the amendment of the Law on Personal Income Tax, the provisions on value added tax to adjust the non -tax revenue threshold, ensuring that small business households continue to be exempt from tax.
Regarding the tax management model, the Tax sector has shifted to subject management, personalizing the responsibilities of cadres, closely following revenue sources and areas, improving the effectiveness of correct and sufficient collection, preventing budget losses. Regarding accounting and invoice regimes, the Ministry has a policy of maximizing simplification, coordinating with software providers to support free sharing of accounting tools and electronic invoices.
Regarding procedure reform, the Tax sector will build application systems that allow automatic determination of tax obligations based on electronic invoice data, prepare declarations, and have the function of reminding tax declaration and payment deadlines. Technology solutions help businesses easily comply with regulations, reduce costs and errors.
Notably, from December 15, 2022, the Tax sector has deployed electronic invoices generated from cash registers. By June 2025, according to Decree 70/2025/ND-CP, all business households that pay corporate income tax with a revenue of VND 1 billion/year or more and operate in the retail sector, providing goods and services directly to consumers will be required to apply electronic invoices from cash registers.
To support the conversion process, tax authorities have increased propaganda, guidance, and coordination with electronic invoice providers to support equipment and services (such as payment computers, invoice printers, and exemption/recution of connection service fees). The Ministry of Finance also requested local authorities to have a financial support plan for business households in difficulty.
The Tax sector also promotes internal digital transformation, enhances connectivity, and shares data with ministries and branches according to Project 06 of the Government. Based on the centralized data system, tax authorities can compare revenue with invoice data, cash flow, information from banks and related agencies, promptly detect and handle tax evasion and fraud. On the contrary, business households that comply well will be given favorable conditions.
The Ministry of Finance believes that the synchronous implementation of solutions under Resolution 68 will create positive changes for the private economic sector. When the business environment is transparent, fair and supported appropriately, business households will have the conditions to become enterprises, contributing more to the country's economic development.
