Answering questions about invoice content and taxable price in VAT invoice issuance with commercial discount applied?
- If the company uses e-invoices in Vietnam and applies commercial discounts to customers, what is the content of the invoice?
- If the company uses e-invoices in Vietnam and applies commercial discounts to customers, how does it calculate tax?
- How does the company using e-invoices in Vietnam apply commercial discounts to customers who purchase goods according to the quantity of goods for which VAT is calculated?
If the company uses e-invoices in Vietnam and applies commercial discounts to customers, what is the content of the invoice?
According to Official Letter 457/CTHN-TTHT in 2022 on issuing commercial discount invoices guided by Hanoi Tax Department as follows:
Pursuant to Decree 123/2020/ND-CP stipulating invoices and documents as follows:
(1) Invoice name, invoice symbol, invoice model number symbol. As follows:
(a) Invoice name is the name of each type of invoice specified in Article 8 of this Decree, which is shown on each invoice, such as: VALUE INVOICE, VALUE BILLING AND TAX REFUND DECLARATION, VALUE INVOICE BILLS AND COLLECTION COLLECTIONS, SALE BILLS, PUBLIC PROPERTY SALE INVOICES, TEMPLATES, TICKETS, CARDS, NATIONAL RESERVED SELLING INVOICES.
(b) The invoice model number and invoice symbol shall comply with the guidance of the Ministry of Finance.
(2) The name of the invoice, applicable to the invoice printed by the tax authority, shall comply with the guidance of the Ministry of Finance.
(3) Invoice number
(4) Name, address, tax identification number of the seller
The invoice must show the name, address, and tax identification number of the seller in accordance with the name, address, and tax identification number stated in the enterprise registration certificate, branch operation registration certificate, and business registration certificate. business household registration, tax registration certificate, tax identification number notice, investment registration certificate, cooperative registration certificate.
(5) Buyer's name, address, tax identification number
(6) Name, unit of measure, quantity and unit price of goods or services; into money excluding value-added tax, value-added tax rate, total value-added tax amount by each tax rate, total value-added tax, total payment with value-added tax increase.
...
In case the business establishment applies the form of commercial discount for customers or promotion as prescribed by law, the commercial discount or promotion must be clearly shown on the invoice. The determination of the value-added tax calculation price (into cash excluding value-added tax) in the case of application of commercial discounts for customers or promotions shall comply with the provisions of the law on value-added tax. .
(7) Signature of the seller, signature of the buyer, specifically:
(a) For invoices printed by tax authorities, the invoice must have the signature of the seller, the seal of the seller (if any), and the signature of the buyer (if any).
(b) For electronic invoices:
In case the seller is an enterprise or organization, the seller's digital signature on the invoice is the digital signature of the enterprise or organization; In case the seller is an individual, the digital signature of an individual or an authorized person shall be used.
In case an e-invoice is not required to have a digital signature of the seller and the buyer, the provisions of Clause 14 of this Article shall be complied with.
(8) The time of making invoices shall comply with the instructions in Article 9 of this Decree and be displayed in the format of day, month and year of the calendar year.
(9) The time of digital signing on an e-invoice is the time when the seller and the buyer use the digital signature to sign on the e-invoice displayed in the format of day, month and year of the calendar year. In case the issued e-invoice has a different time of digital signature on the invoice than the time of invoice issuance, the time of tax declaration is the time of invoice issuance.
(10) Tax authority's code for e-invoices in Vietnam with tax authority's code as prescribed in Clause 2, Article 3 of this Decree.
(11) State budget fees and charges, trade discounts and promotions (if any) as guided at Point e, Clause 6 of this Article and other relevant contents (if any).
(12) Name and tax identification number of the invoice printing organization, for invoices printed by tax authorities.
(13) Letters, numbers and currency shown on the invoice
(14) Some e-invoices in Vietnam do not necessarily have all the contents
(15) Other content on the invoice
In addition to the instructions from Clauses 1 to 13 of this Article, businesses, organizations, business households and individuals may create additional information about their logos or logos to represent their brands, brands or images. Seller's photo. Depending on the characteristics, nature of the transaction and management requirements, the invoice may show information about the Purchase and Sale Contract, shipping order, customer code and other information.
(16) Contents of public property sale invoices comply with the guidance on making public property sale invoices according to Form No. 08/TSC-HD issued together with Decree No. 151/2017/ND-CP dated December 26, 2015. 2017 of the Government detailing a number of articles of the Law on Management and Use of Public Property
Answering questions about invoice content and taxable price in VAT invoice issuance with commercial discount applied? (Image from: Internet)
If the company uses e-invoices in Vietnam and applies commercial discounts to customers, how does it calculate tax?
According to Official Letter 457/CTHN-TTHT in 2022 on issuing commercial discount invoices guided by Hanoi Tax Department as follows:
In case the business establishment applies the form of commercial discount for customers (if any), the VAT calculation price is the sales price already discounted commercially for the customer.
How does the company using e-invoices in Vietnam apply commercial discounts to customers who purchase goods according to the quantity of goods for which VAT is calculated?
According to Official Letter 457/CTHN-TTHT in 2022 on issuing commercial discount invoices guided by Hanoi Tax Department as follows:
Pursuant to Circular 219/2013/TT-BTC dated December 31, 2013 of the Ministry of Finance guiding the implementation of the Law on VAT and Decree 209/2013/ND-CP dated December 18, 2013 of the Government regulating expenditure detailing and guiding the implementation of a number of articles of the Law on VAT stipulating the taxable price in Clause 22, Article 7 as follows:
- Taxable prices for goods and services specified in Clauses 1 to 21 of this Article include surcharges and additional charges in addition to the prices of goods and services to which business establishments are entitled.
- In case the commercial discount is based on the quantity and sales of goods and services, the discount amount of the sold goods shall be adjusted on the goods and service sale invoice of the last purchase or next period. In case the discount amount is made at the end of the sales discount program (period), an adjusted invoice shall be issued with a list of the invoice numbers to be adjusted, the adjusted amount and tax amount. Based on the adjusted invoice, the seller and the buyer declare and adjust the revenue from purchase and sale, output and input taxes...
Thus, in case the commercial discount is based on the quantity and sales of goods and services, the discount amount of the sold goods shall be adjusted on the goods and service sale invoice of the last purchase. the same or the next period; In case the discount amount is made at the end of the sales discount program (period), an adjusted invoice shall be issued with a list of invoice numbers to be adjusted, the adjusted amount and tax amount according to the above provisions. .
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