The initial success of Decree 70/2025/ND-CP on electronic invoices from cash registers is a clear demonstration. Exceeding the set target by 125%, the number of more than 47,000 registered business households after only 1 month of implementation reflected an important change in behavior and trust.
When the policy is designed close to reality, tax authorities are ready to come to support, then even older traders and sellers who are used to hand-writing are ready to enter the digital world.
Meanwhile, from July 1, 2025, e-commerce platforms will officially fulfill their tax declaration and payment obligations on behalf of individuals and business households.
This is a step forward in financial management, helping to restore market order, creating a fair playground and protecting consumer rights in an increasingly complex shopping environment.
When the seller publicly disclose the tax code, invoice, product origin, etc., counterfeit and poor quality goods will gradually be screened.
Not stopping there, the proposal to exempt corporate income tax in the first 2 years for households or individuals to do business and move to the business model, if approved, will be an important driving force for the process of legalizing the informal economic sector.
With millions of businesses operating in small-scale forms, model transformation is inevitable if they want to access capital, expand scale, access support policies and improve competitiveness.
Therefore, tax exemption in the first phase is not only a financial support, but also an encouraging policy, demonstrating the State's readiness to accompany people on the path of sustainable startups.
The three movements include: Electronic invoices, e-commerce tax management and tax exemption to convert models, all aimed at one thing in common: Activating reputation in business. This is the foundation to create a more transparent, fair and efficient, sustainable economic ecosystem in the long term.
Vietnam is in need of more small businesses, homeowners who boldly step into the legal sector and a transparent and disciplined digital environment. To do so, tax policies need to be soft enough to convince, clear enough to act and "tolerant enough" to gradually transform.
If it continues to maintain the current proactive reform spirit, the tax sector will not only be a budget collection agency, but also an important driving force for digital transformation, market transparency and promote more disciplined and sustainable business development.
