Tax revenue has shown signs of deceleration in recent months. To exceed estimates by 15.5 per cent, the tax sector will drastically increase revenue from e-commerce activities and build big data from e-invoices to readily track fraud.
According to the General Department of Taxation, there are now more than 489,000 businesses using e-invoices, or 57.4 per cent of all businesses in operation. After the first phase is deployed in six cities and provinces, e-invoices will then be introduced from April in the remaining 57 cities and provinces in the second phase.