At a recent conference on connecting and sharing data to develop e-commerce and improve tax management efficiency, the Prime Minister requested the Ministry of Finance to promptly submit to the Government amendments to the regulations on applying electronic invoices to e-commerce and livestream transactions.

It is necessary to promptly amend a number of regulations in the legal corridor to fully manage revenue sources, correctly identify taxpayers, control e-commerce transactions, and monitor and supervise cash flows in online business.

At the same time, it is necessary to have the participation of all levels and sectors, and to impose heavy sanctions and fines on violations.

Only then can we prevent tax losses and ensure fairness among business entities.