Ho Chi Minh City: Support and urge businesses to complete the conversion of electronic invoices before July 1, 2022?
Are businesses required to convert to e-invoices?
According to Official Letter 6687/CTTPHCM-TTHT in 2022 on urging the use of electronic invoices issued by the Tax Department of Ho Chi Minh City. Ho Chi Minh issued the following regulations:
Implementing the Law on Tax Administration dated June 13, 2019 and the National Digital Transformation Program to 2025 with orientation to 2030, the Government issued Decree 123/2020/ND-CP dated October 19, 2020 and The Ministry of Finance has issued Circular 78/2021/TT-BTC guiding the implementation of regulations on invoices and documents. Accordingly, before June 30, 2022, the conversion of e-invoices must be completed in accordance with Decree 123/2020/ND-CP and Circular 78/2021/TT-BTC from July 1, 2022. Enterprises are required to use e-invoices nationwide, this is a policy that brings many benefits to businesses in management, production - business and enhances transparency for tax authorities in management.
At the Announcement Ceremony of the nationwide e-invoice system held on April 21, 2022, Prime Minister Pham Minh Chinh directly attended and directed the implementation of e-invoices to ensure completion in accordance with the law. Right on schedule, in order to bring benefits to businesses and people, contribute to creating a fair and transparent business environment, increasing competitiveness and successfully implementing the National Digital Transformation Strategy. Up to now, nationwide, the number of businesses that have registered and switched to using e-invoices has reached 97.9%, and 100% in many places.
For businesses, registering to use e-invoices is not only a mandatory requirement but also a responsibility and obligation of the business to its partners and customers. The delay or delay in implementing e-invoices not only affects the general implementation progress but also directly affects the rights and interests of businesses, people and the socio-economic development of the country. country.
Ho Chi Minh City: Support and urge businesses to complete the conversion of electronic invoices before July 1, 2022? (Image from: Internet)
Will the previous invoices expire from July 1, 2022?
According to Official Letter 6687/CTTPHCM-TTHT in 2022 on urging the use of electronic invoices issued by the Tax Department of Ho Chi Minh City. Ho Chi Minh issued the following regulations:
From July 1, 2022, all outstanding invoices have been announced to be issued and purchased from the tax authorities according to the provisions of Decree 51/2010/ND-CP, Decree No. 04/2014/ND -CP (including electronic invoices according to Circular 32/2011/TT-BTC) and guiding documents will be expired. Organizations and businesses are required to use e-invoices according to the provisions of Decree 123/2020/ND-CP and Circular 78/2021/TT-BTC. To ensure the smooth operation of organizations and businesses, avoid the situation that organizations and businesses do not have invoices to sell goods and services due to the delay or delay in deploying e-invoices. City Tax Department. Ho Chi Minh suggested that the leadership of organizations and businesses need to give drastic direction, focus resources, and urgently implement the registration of using e-invoices in accordance with the law.
For assistance in registering to use e-invoices, businesses should contact the Tax Office and businesses providing e-invoice solutions (list of eligible e-invoice solution providers) announced on the website of Ho Chi Minh City Tax Department https://www.hcmtax.gov.vn/) before July 1, 2022.
With the goal of taking taxpayers as the center to serve, the Tax Department of Ho Chi Minh City. Ho Chi Minh is committed to accompanying and creating the most favorable conditions to support businesses in the implementation of tax laws in general and e-invoices in particular.
How is the conversion of electronic invoices from July 1, 2022 regulated?
According to Article 5 of Decree 123/2020/ND-CP, the effective implementation of this Decree is as follows:
- This Decree takes effect from July 1, 2022, encouraging agencies, organizations and individuals that meet the conditions on information technology infrastructure to apply regulations on electricity bills and vouchers death of this Decree before July 1, 2022.
- Decree No. 51/2010/ND-CP dated May 14, 2010 of the Government providing for invoices for selling goods and providing services, Decree No. 04/2014/ND-CP dated January 17, 2014 of the Government amending and supplementing a number of articles of Decree No. 51/2010/ND-CP stipulating invoices for selling goods and providing services, Decree No. 119/2018/ND-CP dated September 12 In 2018, the Government's regulations on e-invoices when selling goods and providing services will continue to be effective until June 30, 2022.
- Annulling Clauses 2 and 4, Article 35 of Decree No. 119/2018/ND-CP dated September 12, 2018 of the Government regulating e-invoices from November 1, 2020.
- To annul Clause 12, Article 5 of Decree No. 12/2015/ND-CP dated January 12, 2015 of the Government detailing the implementation of the Law amending and supplementing a number of articles of the Law on Taxation and amending, supplementing a number of articles of the tax decrees.
- The management and use of public property sale invoices when handling public property (paper invoices ordered by the Ministry of Finance) continue to comply with the provisions of Decree No. December 26, 2017 of the Government detailing a number of articles of the Law on Management and Use of Public Property.
- The management and use of national reserve sales invoices when selling national reserve goods (paper invoices) continues to comply with the provisions of Circular No. 16/2012/TT-BTC dated February 8 2012 by the Ministry of Finance. In case there is a notice of conversion to apply national reserve sales e-invoices, the units shall make the conversion according to regulations.
Decree 123/2020/ND-CP takes effect from July 1, 2022.
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