The "Transforming tax management model and methods, cash flow for business households when abolishing flat-rate tax" conference was held on 12/11 in Ho Chi Minh City. Organized by LPBank in collaboration with Ben Thanh Ward People's Committee, Tax Base 1, and Misa Joint Stock Company, the event aimed to help small business owners adapt to the government's new tax reform roadmap. This initiative anticipates the abolition of flat-rate tax from 2026 and drew over 500 local business households.

Government directives, Resolution 68-NQ/TW and Decision 3389/QD-BTC, mandate that from 2025 to 2026, all business households must adopt electronic invoicing, open bank accounts, and file taxes digitally. This presents a considerable challenge for many small businesses, which traditionally rely on manual bookkeeping and cash transactions.

The conference was organized by LPBank in coordination with Misa Joint Stock Company, Tax Base 1 Ho Chi Minh City, and Ben Thanh Ward People's Committee. Photo: LPBank

Recognizing the significant transformation required by business households and small traders, LPBank has introduced a comprehensive suite of financial and technological solutions. These solutions address the core challenges faced by this group, with the bank offering preferential loans through simplified procedures. This enables businesses to quickly access the capital needed for upgrades and expansion.

LPBank further supports this transition by providing user-friendly digital payment tools, including QRShop and the Lo Phat speaker. The Lo Phat speaker offers instant balance notification readouts, allowing store owners to monitor cash flow accurately without constant phone checks, thereby reducing risks associated with cashless transactions. Leveraging its tax connection infrastructure, LPBank will also serve as an electronic payment gateway, directly linking Misa's tax declaration software with the Tax Authority. This integration aims to streamline tax obligations for payers, ensuring quick, accurate submissions and minimizing errors.

The bank advised business households and small traders attending the event. Photo: LPBank

Dang Cong Hoan, Deputy General Director and Director of Retail Banking at LPBank, stated the bank's commitment to supporting business households and fostering financial transparency, aligning with Party and State policies. "We provide capital while also helping customers manage, optimize, and develop sustainably in the digital era," Hoan added.

Dang Cong Hoan, Deputy General Director and Director of the bank, spoke at the event. Photo: LPBank

A key aspect of the program is its four-party collaboration model, which ensures synergy among regulatory bodies, technology companies, and commercial banks. This integrated approach is expected to enhance tax management efficiency, alleviate pressure on taxpayers, and contribute to a transparent financial ecosystem, ultimately empowering individuals to conduct business with confidence.

Hoan indicated that LPBank plans to expand this model to other regions, including Hanoi, Phu Tho, Nghe An, Da Nang, and Can Tho. The bank anticipates assisting millions of business households across the country in smoothly transitioning to electronic tax declarations in the near future.

Hoang Dan