Vietnam: Requesting to review the invoicing, declaration, and payment of taxes for BOT investors and services of non-stop automatic toll collection?
- Using electronic invoices, declaring and paying taxes of BOT investors and service providers of non-stop automatic toll collection in Vietnam?
- The inter-system cooperation in non-stop automatic toll collection connects toll collection providers (VDTC, VETC) in Vietnam?
- Target buyers on e-invoices for one-stop, non-stop automatic toll collection according to Vietnamese regulations?
Using electronic invoices, declaring and paying taxes of BOT investors and service providers of non-stop automatic toll collection in Vietnam?
According to Official Dispatch 15757/BTC-TCT in 2020 on e-invoices for non-stop automatic toll collection activities:
- Invoices:
+ Fee-collecting service providers register to use e-invoices as prescribed in Article 20 of Decree No. 119/2018/ND-CP dated September 12, 2018, Article 15 of Decree No. 123/2020/ND-CP dated 19/10/2020 of the Government.
+ Toll collection service providers (VDTCs) directly make electronic invoices to collect tolls and deliver them to customers who have pasted the terminal cards provided by VDTC after customers have passed through the station on the toll lane.
+ Periodically, the toll collection service provider and the BOT investor shall check the data of all toll revenue (including all means of traffic passing through the toll station). Based on the toll collection data that has been verified between the parties:
* No later than the last day of the month in which the toll service is generated, the BOT investor shall issue a VAT invoice and deliver it directly to the toll collection service provider for the entire toll revenue of the BOT investor.
* No later than the last day of the month in which the toll service is incurred, the toll collection service provider shall issue a VAT invoice to the BOT investor for the service fee collected on behalf of the BOT investor.
- Regarding tax declaration and payment:
+ For BOT investors: monthly, based on invoices issued to toll collection service providers, BOT investors shall declare and pay output VAT according to regulations for all fees collected by BOT investors.
+ For toll collection service providers: monthly, based on the toll collection service invoice made for BOT investors, the fee collection service provider shall declare and pay output VAT as prescribed for Service fees collected on behalf of BOT investors are entitled, not required to declare and calculate VAT on the number of fees collected from customers on behalf of BOT investors.
Vietnam: Requesting to review the invoicing, declaration, and payment of taxes for BOT investors and services of non-stop automatic toll collection?
The inter-system cooperation in non-stop automatic toll collection connects toll collection providers (VDTC, VETC) in Vietnam?
According to Official Dispatch 15757/BTC-TCT in 2020 on inter-system cooperation in non-stop automatic toll collection and toll collection providers (VDTC, VETC):
- In case a customer sticks a terminal card of a toll collection service provider but circulates it through a toll station managed and operated by another toll collection service provider, the toll collection service provider will There are customers who stick a terminal card as an electronic invoicing unit for the customer, when the customer has passed through the station on the toll lane.
- Periodically, at the latest on the last day of the month in which the fee collection service is generated, based on the verified data on the collection of fees, the charge collection service provider shall issue a VAT invoice for the fee collection service is entitled to.
- For collection service charges incurred between toll collection service providers when connecting to the system, the service providers collect VAT declaration and payment fees similar to service collection of fees arising between BOT investors and toll collection service providers as guided in the above regulations.
Target buyers on e-invoices for one-stop, non-stop automatic toll collection according to Vietnamese regulations?
According to Official Dispatch 15757/BTC-TCT in 2020 on e-invoices for non-stop automatic toll collection activities:
"3.3. Regarding the target of buyers on e-invoices of one-stop, non-stop automatic toll collection.
Due to the nature of the automatic toll collection operation, there are non-stop and one-stop. VDTC is a service provider of automatic toll collection using e-invoices to replace e-tickets:
- For one-stop automatic toll collection activities, the e-invoice shows the license plate number, name of the toll station, and the time of passing the station, the e-invoice does not have to have the name, address, and code on the e-invoice. Tax number, buyer's electronic signature.
- For non-stop automatic toll collection activities, on the e-invoice showing the license plate number, name of the toll booth, the time of passing the station, and the customer's information, the e-invoice must not contain the words customer's electronic signature."
LawNet
