What is the value of an e-invoice converted into a paper invoice in Vietnam?

What is the value of an e-invoice converted into a paper invoice in Vietnam?

Based on Clause 3, Article 7 of Decree 123/2020/ND-CP regulating the conversion of e-invoices to paper invoices as follows:

Conversion of e-invoices, e-documents into paper invoices, paper documents

1. A legal e-invoice, e-document can be converted into a paper invoice, paper document when there is an arising economic, financial requirement or as requested by tax management agencies, auditing bodies, inspection, examination, investigation agencies, and according to the laws on inspection, examination, and investigation.

2. The conversion of e-invoices, e-documents into paper invoices, paper documents must ensure consistency between the contents of the e-invoices, e-documents and those of the paper invoices, paper documents after conversion.

3. When an e-invoice, e-document is converted into a paper invoice, paper document, the paper invoice, paper document only has archival value for accounting, monitoring as prescribed by the laws on accounting and e-transactions, and is not valid for transactions or payments, except in cases where invoices are generated from cash registers connected to transfer e-data with the tax authority as prescribed in this Decree.

Thus, when an e-invoice is converted to a paper invoice, the paper invoice only has archival value for accounting and monitoring according to the laws on accounting and e-transactions, and is not valid for transactions or payments, except for invoices generated from cash registers connected to transfer e-data with the tax authority.

What is the value of an e-invoice converted into a paper invoice in Vietnam? (Image from the Internet)

What are cases where an e-invoice converted into a paper invoice in Vietnam?

Based on Clause 1, Article 7 of Decree 123/2020/ND-CP regulating the conversion of e-invoices, e-documents into paper invoices, paper documents as follows:

Conversion of e-invoices, e-documents into paper invoices, paper documents

1. A legal e-invoice, e-document can be converted into a paper invoice, paper document when there is an arising economic, financial requirement or as requested by tax management agencies, auditing bodies, inspection, examination, investigation agencies, and according to the laws on inspection, examination, and investigation.

2. The conversion of e-invoices, e-documents into paper invoices, paper documents must ensure consistency between the contents of the e-invoices, e-documents and those of the paper invoices, paper documents after conversion.

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Thus, an e-invoice is converted into a paper invoice when there is an arising economic, financial requirement or as requested by tax management agencies, auditing bodies, inspection, examination, investigation agencies, and according to the laws on inspection, examination, and investigation.

What are prohibited acts related to invoices and documents in Vietnam?

Based on Article 5 of Decree 123/2020/ND-CP regulating prohibited actions related to invoices, documents as follows:

(1) For tax officials

- Causing inconvenience, difficulty for organizations, individuals coming to buy invoices, documents;

- Engaging in acts of concealment or collusion with organizations, individuals to use illegal invoices, documents;

- Accepting bribes during the inspection, examination of invoices.

(2) For organizations, individuals selling, providing goods, services, organizations, individuals with related rights and obligations

- Committing fraudulent acts such as using illegal invoices, illegally using invoices;

- Obstructing tax officials from performing their duties, specifically acts of obstruction harming the health, dignity of tax officials during the inspection, examination of invoices, documents;

- Unauthorized access, alteration, destruction of information systems on invoices, documents;

- Offering bribes or engaging in other acts related to invoices, documents for illicit gain.

What are the mandatory contents on an invoice in Vietnam?

Based on Article 10 of Decree 123/2020/ND-CP regulating mandatory contents on an invoice as follows:

(1) Invoice name, invoice symbol, invoice form symbol

(2) Invoice copy name

(3) Invoice number

(4) Name, address, tax code of the seller

(5) Name, address, tax code of the buyer

(6) Name, unit of measure, quantity, unit price of goods, services, amount without VAT, VAT rate, total VAT amount by each tax rate, total VAT amount, total payment amount including VAT.

(7) Signature of the seller, signature of the buyer.

(8) Time of invoice issuance

(9) Time of digital signature on e-invoice

(10) Code of the tax authority for the e-invoice

(11) Fees, charges that belong to the state budget, trade discounts, promotions (if any) and other related contents (if any).

(12) Name, tax code of the organization receiving the invoice printing for invoices ordered by the tax authority.

(13) Text, numbers and currency shown on the invoice.

(14) Other contents on the invoice

In principle, when issuing an invoice, it must contain all 14 items above. However, Clause 14 of Article 10 of Decree 123/2020/ND-CP stipulates that in some cases, e-invoices do not necessarily need to contain all these contents.