Eliminating Lump-Sum Tax and Digitizing Accounting Books: What Must Business Households Do?

Free Software and Conversion Support

According to a survey conducted by the Vietnam Chamber of Commerce and Industry (VCCI) on nearly 1,400 businesses nationwide, most business households are aware of Decree No. 70/2025/NĐ-CP on invoices and documents. However, their understanding remains limited, and they require specific guidance from local tax authorities.

The most significant challenge identified in the survey is financial constraints. Many businesses operate on thin profit margins, yet they must declare and pay both VAT and corporate income tax on gross revenue. Coupled with the cost of investing in electronic invoicing software and equipment, this places considerable strain on their operations.

The Vietnam Banks Association highlights that implementing Decree No. 70, which amends and supplements Decree No. 123 on invoices and documents, presents numerous difficulties, especially for small and micro-businesses. The association suggests a phased implementation approach, prioritizing larger urban businesses before extending to smaller rural ones.

Another critical aspect is technical support, such as providing free software, invoices, and establishing a helpline during the initial stages. “This is a practical solution to alleviate the burden on business households,” the association emphasizes.

In response to these concerns, the Tax Department cites Clause 3, Article 12 of Resolution No. 198/2025/QH15 dated May 17, 2025, by the National Assembly. This clause mandates that the state allocate funds to provide free digital platforms and shared accounting software for small businesses, micro-enterprises, business households, and individual entrepreneurs.

The Tax Department also notes that the Ministry of Finance is drafting a decree to guide implementation, including provisions for free digital platforms and shared accounting software.

Previously, to ensure the transition does not impose additional financial burdens on business households, the Tax Department requested electronic invoicing solution providers and data transmission and storage organizations to design user-friendly accounting/invoicing software with reasonable costs. They were also urged to offer free support packages for small and micro-businesses.

Commitment to Partnership

Currently, accounting software for business households ranges from 1 to 4 million VND/year, while enterprise accounting software costs between 3 million and tens of millions of VND/year, depending on scale. Amidst the dual challenge of business development and revenue transparency, technology companies are stepping up to reduce software costs.

Sapo Technology JSC recently launched Sapo Accounting, a user-friendly accounting software that consolidates multi-channel data for business households and enterprises. Over 230,000 existing and new customers using Sapo’s sales management software will receive this accounting software for free.

Ms. Vũ Thị Hiền, Director of Sapo Accounting, shares that the software simplifies the entire process—from recording economic transactions, managing invoices and documents, bookkeeping, generating reports, to tax declarations—all seamlessly and accurately on a single platform.

Sapo Accounting features user-friendly functionalities, including: multi-channel data synchronization from Sapo’s sales management and electronic invoicing software; easy invoice and document storage and management; quick categorization and bookkeeping according to current accounting standards; and automated generation of accounting books, financial reports, and tax declarations.

Sapo Accounting is suitable for various business models, from fashion stores and electronics shops to restaurants and cafes, catering to both business households and enterprises.

KiotViet, a sales management platform serving over 300,000 business households, has also launched free accounting software. This software simplifies accounting with a two-step process: selling on KiotViet (data is automatically recorded in accounting books and declarations) and downloading declarations/accounting books for tax submission or internal storage. The system automatically aggregates all sales and cash flow data, enabling business owners to track, maintain records, and prepare tax declarations on a single platform. Its intuitive interface ensures ease of use, even for those without accounting expertise.

“We aim to ensure every business household, regardless of size, can easily maintain records and declare taxes in compliance with regulations, without incurring additional costs. This is our long-term commitment to partnering with tax authorities and the business community,” said Mr. Đỗ Tuấn Anh, Deputy General Director of KiotViet Technology JSC.