What is the electronic receipt format in Vietnam? What is the currency recorded on the electronic receipt?

What is the electronic receipt format in Vietnam?

Based on the provisions in Clause 1, Article 33 of Decree 123/2020/ND-CP, the electronic receipt format is regulated as follows:

The types of receipts specified at point b, clause 1, Article 30 of Decree 123/2020/ND-CP must follow the following format:

- The electronic receipt format uses the XML record format language (XML is an abbreviation of the English phrase "eXtensible Markup Language" created for the purpose of sharing electronic data between IT systems);

- The electronic receipt format consists of two components: a component containing the business data of the electronic receipt and a component containing the digital signature data;

- The General Department of Taxation constructs and publishes the component containing the business data of the electronic receipt, the component containing the digital signature data, and provides tools to display the contents of electronic receipts as stipulated in Decree 123/2020/ND-CP.

What is the electronic receipt format in Vietnam? (Image from the Internet)

Where shall the collectors register before using electronic receipts in Vietnam?

Based on the provisions in Article 34 of Decree 123/2020/ND-CP, the registration for using electronic receipts is regulated as follows:

Registration for using electronic receipts

1. collectors, before using electronic receipts as stated in point b, clause 1, Article 30, must register through the electronic portal of the General Department of Taxation.

Registration information content follows Form No. 01/DK-BL Appendix IA issued together with this Decree.

The electronic portal of the General Department of Taxation receives the registration for using electronic receipts from collectors and sends a notification according to Form No. 01/TB-TNDK Appendix IB issued with this Decree upon receipt of the registration for using electronic receipts to confirm the submission of the registration dossier for using electronic receipts.

2. Within 1 working day from the date of receipt of the registration for using electronic receipts, the Tax Authority is responsible for sending an electronic notification according to Form No. 01/TB-DKDT Appendix IB issued with this Decree to the entities specified in clause 1 of this Article regarding acceptance in the case that the registration for using electronic receipts is valid, without errors, or non-acceptance if the registration for using electronic receipts does not meet the conditions for acceptance or contains errors.

3. From the time of using electronic receipts following the regulations in this Decree, the organizations mentioned in clause 1 of this Article must cancel unused paper receipts and records, if any, according to regulations.

4. In case of changes to information already registered for using electronic receipts in clause 1 of this Article, the organization collecting fees and charges under the state budget must change the information and resubmit it to the tax authority according to Form No. 01/DK-BL Appendix IA issued with this Decree through the electronic portal of the General Department of Taxation.

Thus, collectors, before using electronic receipts, must register through the electronic portal of the General Department of Taxation.

The registration information content follows Form No. 01/DK-BL Appendix IA issued together with Decree 123/2020/ND-CP.

The electronic portal of the General Department of Taxation receives the registration for using electronic receipts from collectors and sends a notification according to Form No. 01/TB-TNDK Appendix IB issued together with Decree 123/2020/ND-CP upon receiving the registration for using electronic receipts to confirm the submission of the registration dossier for using electronic receipts.

Note: From the time of using electronic receipts in accordance with this Decree, collectors must cancel unused paper receipts and records, if any, according to regulations.

What currency is recorded on electronic receipts in Vietnam?

Based on point k, clause 2, Article 32 of Decree 123/2020/ND-CP, the regulations are as follows:

Content of records

...

2. Receipt

...

k) The receipt is expressed in Vietnamese. In cases where an additional foreign language is needed, the part in the foreign language is placed to the right in parentheses "( )" or immediately below the line containing the content in Vietnamese with a smaller font size than that of the Vietnamese text.

The numbers recorded on the receipt are the natural numbers 0, 1, 2, 3, 4, 5, 6, 7, 8, 9.

The currency recorded on the receipt is Vietnamese Dong. In cases where other collectables under the state budget, as regulated by law, have a collection rate in foreign currency, they may be collected in foreign currency or in Vietnamese Dong based on conversion from foreign currency to Vietnamese Dong according to the exchange rate specified in clause 4, Article 3 of Decree No. 120/2016/ND-CP dated August 23, 2016, of the Government detailing and guiding the implementation of some articles of the Law on Fees and Charges.

In the case of collecting fees and charges, if the list of fees and charges is longer than the number of lines of one receipt, a cumulative list attached to the receipt can be made. The list is designed by the fee-collecting organization suitable to the characteristics of each type of fee and charge. The list must clearly state "attached to receipt number... date... month... year."

...

Thus, the currency recorded on the receipt is Vietnamese Dong. In cases where other collectables under the state budget, as regulated by law, have a collection rate in foreign currency, they may be collected in foreign currency or in Vietnamese Dong based on conversion from foreign currency to Vietnamese Dong according to the exchange rate specified in clause 4, Article 3 of Decree No. 120/2016/ND-CP.