Ministry of Finance: Support free accounting software for 2 million business households

The Ministry of Finance has announced an important support plan to promote the digital transformation process for individual businesses, while preparing for the abolition of lump-sum tax. Accordingly, about 2 million business households nationwide will have access to a free support package including accounting software, digital signatures and a large number of electronic invoices.

Details of digital transformation support package

This support package is designed to reduce the initial cost burden and technical barriers for business households when switching from lump-sum tax calculation method to declaration based on actual revenue and expenses. The main components of the support package include:

• Free accounting software:Providing a modern tool for businesses to record and manage revenue, costs, and inventory scientifically and accurately.
• Free digital signature:Help businesses conduct electronic transactions, sign invoices and submit tax returns online safely and legally.
• 5,000 free e-invoices:A significant number of businesses can start issuing electronic invoices according to regulations without worrying about initial costs.

The goal of eliminating lump-sum tax

The implementation of this support package is a concrete step in the financial sector's roadmap to eliminate lump-sum tax, a tax collection method that has revealed many limitations. Although lump-sum tax is simple to manage, it often does not accurately reflect actual business activities, which can lead to tax losses for the state budget and create unfairness among business households.

Switching to the declaration method, businesses will pay taxes based on actual business performance. This not only ensures transparency and fairness but also encourages businesses to manage their finances more professionally.

Benefits for the economy and businesses

This policy is expected to bring double benefits. For business households, the use of accounting software and electronic invoices helps standardize operations, easily track business performance and enhance credibility when transacting with partners or accessing loans from banks.

For state management agencies, the digital transformation of business households will help tax management become more effective, minimizing fraud and tax losses. At the same time, data from the electronic invoice and tax declaration system will provide a more comprehensive and accurate picture of the health of the individual economic sector.

The Ministry of Finance's initiative is considered an important lever, not only modernizing tax administration but also directly supporting micro and small enterprises to adapt to the digital economy, contributing to building a more equal and transparent business environment.