The role of invoice management solutions in tax administration
An invoice is an accounting voucher made by the seller to record the sale of goods or services. This is a type of original document that is especially important in terms of corporate financial management and in terms of tax administration by state agencies.
On the side of the seller, the goods, services and invoices are the original documents that determine the revenue (price) of many important taxes related to enterprises such as corporate income tax (CIT), value added tax (VAT), special consumption tax, natural resource tax, export tax. Thus, if the seller does not invoice the tax authorities can not find out, they can escape many taxes at the same time. If the sellers note that the selling price on the invoice is lower than the actual value of the transaction, it will also lead to a reduction of the seller's tax obligation but the loss of the state budget. Late billing compared to the time of sale of goods or services is also a way of delaying payment of taxes to the state.
On the side of the buyer goods, services, invoice is the original document to determine the deductible input VAT, the cost of calculating CIT. The use of illegal invoices (sales of invoices, use of false invoices ...) leads to an increase in the deductible input VAT, increased deductible costs, and thus reduce the VAT payable. or increase the amount of VAT to be refunded and reduction of payable CIT. In case of increasing the refunded tax amount, not only will tax collection be lost, but the state budget will be illegally appropriated.
By advising the Government to issue Decree 51/2010 / ND-CP replacing Decree 89/2002 / ND-CP on the invoice management solutions, the finance sector has made fundamental changes in the management mode. Accordingly, the transfer from tax offices to print invoices to taxpayers to self-printed or self-printed invoices. That is, give the right to print invoices for taxpayers. Tax authorities will only print invoices for some specific objects such as non-business units that do not use regular invoices, business individuals who wish to purchase invoices, etc. With this change, taxpayers using invoices will be very convenient, not take time to do the invoice purchase procedures, fully active in printing and issuing invoices. The tax authorities also reduce the manpower that handles the delivery and receipt of invoices. Tax authorities focus on tracking, managing the issuance process, printing and using invoices.
With the issuance of Circular 64/2013 / TT-BTC, the Ministry of Finance has solved problems arising in the process of creating, setting up, managing and using taxpayers' invoices in implementing Circular 153 / 2010 / TT-BTC, creating a fuller and more comprehensive legal framework for billing management. On the one hand, creating favorable conditions for taxpayers to switch to taxpayers' self-printing or self-printing of invoices as mentioned above, the finance branch has advised and directly promulgated legal documents aimed at managing to closely manage the issuance and use of invoices.
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