Orders under 200,000 VND are not required to issue invoices but must prepare a retail sales ledger
Based on Article 18 of Circular 39/2014/TT-BTC regulating the sale of goods and services without the obligation to issue invoices as follows:
The sale of goods and services with a total payment value of less than 200,000 VND per transaction does not require the issuance of an invoice, except in cases where the buyer requests the issuance and delivery of an invoice.
When selling goods and services without issuing an invoice as guided in Clause 1 of this Article, the seller must prepare a Retail Sales Statement. The statement must include the seller's name, tax code, and address, the name of the goods and services, the value of goods and services sold, the date of preparation, and the name and signature of the person preparing the statement. In cases where the seller pays value-added tax using the credit method, the Retail Sales Statement must include the items “value-added tax rate” and “value-added tax amount.” Goods and services sold are recorded on the statement in the order of sale during the day (form number 5.6 Appendix 5 issued together with this Circular).
At the end of each day, the business establishment prepares a value-added tax invoice or sales invoice recording the amount of goods sold and services provided during the day as shown on the total line of the statement, signs, and retains the copy for the buyer; other copies are circulated according to regulations. The item “Name, address of buyer” on this invoice is recorded as “retail without invoice issuance.”
Thus, in addition to not having to issue invoices for a total payment value of less than 200,000 VND, you must prepare a Retail Sales Statement for goods and comply with the above-stated regulations.
Respectfully!
