What are the types of electronic invoices in Vietnam? How is the time of making e-invoices regulated from July 1, 2022?
- What is the time of electronic invoices in Vietnam for sales of goods?
- What is the time of billing for a service provision?
- What are the types of electronic invoices in Vietnam?
- How is electronic invoices in Vietnam generated from a cash register with a data transfer connection to the tax authority?
What is the time of electronic invoices in Vietnam for sales of goods?
According to Article 9 of Decree 123/2020/ND-CP stipulating the time of making invoices as follows:
- The time of making invoices for the sale of goods (including the sale of state assets, confiscated properties, replenishment of state funds and sale of national reserve goods) is the time of transfer of ownership or use rights. goods to the buyer, regardless of whether money has been collected or not
What is the time of billing for a service provision?
According to Article 9 of Decree 123/2020/ND-CP stipulating the time of making electronic invoices in Vietnam as follows:
- Time of invoicing for service provision is the time of completion of service provision, regardless of whether money has been collected or not. In case the service provider collects money before or while providing the service, the time of making an invoice is the time of collecting money (excluding the case of collecting a deposit or an advance to ensure the performance of the supply contract). provides the following services: accounting, auditing, financial and tax consulting; valuation; survey, technical design; supervision consultancy; construction investment project formulation).
- In case of multiple delivery or handover of each service item or stage, each delivery or handover must issue an invoice for the volume and value of the delivered goods and services respectively.
What are the types of electronic invoices in Vietnam? How is the time of making e-invoices regulated from July 1, 2022?
What are the types of electronic invoices in Vietnam?
According to Article 8 of Decree 123/2020/ND-CP, e-invoices include the following types:
- Value-added invoice is an invoice for organizations that declare value-added tax by the deduction method to use for the following activities:
+ Selling goods and providing services in the country;
+ International transportation activities;
+ Exporting into non-tariff zones and cases considered as exports;
+ Exporting goods and providing services to foreign countries.
Sales invoices are invoices for organizations and individuals as follows:
- Organizations and individuals declare and calculate value-added tax by the direct method used for the following activities:
+ Selling goods and providing services in the country;
+ International transportation activities;
+ Exporting into non-tariff zones and cases considered as exports;
+ Exporting goods and providing services to foreign countries.
- Organizations and individuals in the free trade zone when selling goods or providing services to the inland and when selling goods or providing services between organizations and individuals in the free trade zone, for export. goods, providing services abroad, the invoice clearly states "For organizations and individuals in the non-tariff zone".
E-invoices for the sale of public property are used when selling the following assets:
+ Public property at agencies, organizations and units (including state-owned houses);
+ Infrastructure assets;
+ Public property assigned by the State to the enterprise to manage, excluding the state capital component in the enterprise;
+ Assets of projects using state capital;
+ Property under which the ownership rights of the whole people are established;
+ Public property is recovered under a decision of a competent agency or person;
+ Supplies and materials recovered from the disposal of public property.
- National reserve sales electronic invoices are used when agencies and units of the system of state reserve agencies sell national reserve goods as prescribed by law.
- Other types of invoices, including:
+ Stamps, tickets and cards with the form and content specified in this Decree;
+ Air freight receipts; receipts of international freight charges; vouchers for collection of banking service fees, except for the case specified at point a of this clause, whose form and content are prepared in accordance with international practices and relevant provisions of law.
+ Documents to be printed, issued, used and managed such as invoices, including delivery notes cum internal transportation, delivery notes sent to agents.
+ The Ministry of Finance guides the display form of invoices for the subjects mentioned in Article 2 of this Decree for reference during implementation.
How is electronic invoices in Vietnam generated from a cash register with a data transfer connection to the tax authority?
According to Article 11 of Decree 123/2020/ND-CP, electronic invoices in Vietnam are created from cash registers with data transfer connection with tax authorities, ensuring the following principles:
- Recognize printed invoices from cash registers connecting electronic data to tax authorities;
- Digital signature is not required;
- Expenses for purchasing goods and services using invoices (or copying invoices or looking up information from the electronic portal of the General Department of Taxation on invoices) created from cash registers are identified as expenses. have sufficient legal invoices and documents when determining tax obligations.
Decree 123/2020/ND-CP takes effect from July 1, 2022.
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