What are the rules of storage and retention of invoices and records in Vietnam?

What are the rules of storage and retention of invoices and records in Vietnam? (Illustration)

Draft Decree on invoices and records stipulates the storage and retention of invoices and records as follows:

- Invoices and records must be stored and retained ensuring:

- Safety, security, integrity, completeness, without being changed or altered during the retention period;

- retained correctly and for the duration specified by accounting law;

- Electronic invoices and electronic records must be stored and retained by electronic means. Agencies, organizations, and individuals have the right to choose and apply the method of preserving and storing electronic invoices and electronic records suitable to their operational characteristics and technological capabilities. Electronic invoices and electronic records must be ready to be printed or retrieved when requested.

- Invoices printed by tax authorities, printed records, self-printed records must be stored and retained in accordance with the following requirements:

- Unissued invoices and records must be retained and stored in warehouses according to policies for preserving records of value.

- Issued invoices and records in accounting units must be retained according to regulations for preserving accounting records.

- Issued invoices and records in organizations, households, individuals that are not accounting units must be retained and stored as private assets of those organizations, households, individuals.

More details can be found in the DraftDecree on invoices and records.

Thuy Tram

>> CLICK HERE TO READ THIS ARTICLE IN VIETNAMESE