How Are Companies Penalized for Failing to Submit Invoice Usage Reports?

Based on Article 27 of Circular 39/2014/TT-BTC, the deadline for submitting the report on the usage of invoices is as follows:

- Monthly: no later than the 20th of the following month. For example, the report on the usage of invoices for January must be submitted by February 20.

- Quarterly: no later than the 30th of the first month of the next quarter. For example, for the second quarter of 2020, the deadline is July 30, 2020. From July 31, 2020, it is considered late.

Article 13 of Circular 10/2014/TT-BTC, as amended by Clause 7 Article 1 of Circular 176/2016/TT-BTC, stipulates the penalties for late or non-submission of the report on the usage of invoices:

- A warning is issued for the submission of notifications and reports to the tax authority, excluding the invoice issuance notice, from the 1st to the 10th day after the prescribed deadline.

- A fine ranging from VND 2,000,000 to VND 4,000,000, excluding the invoice issuance notice, for submissions made more than 10 days after the prescribed deadline.

- A fine ranging from VND 4,000,000 to VND 8,000,000 for failure to submit notifications and reports to the tax authority. Failure to submit notifications and reports to the tax authority, excluding the invoice issuance notice, is calculated after 20 days from the prescribed deadline.

=> As per the information you provided, the cooperative did not submit the report on the usage of invoices from the fourth quarter of 2018 to the first quarter of 2020. Specifically, for the first quarter of 2020, you must submit this report no later than April 30, 2020. Therefore, the administrative penalty for this act will be a fine ranging from VND 4,000,000 to VND 8,000,000.

Sincerely!