What are regulations on electronic record format in Vietnam?
What are regulations on electronic record format in Vietnam? What are procedures for application for use of electronic records in Vietnam? Who are e-invoice information users in Vietnam?
What are regulations on electronic record format in Vietnam?
According to the regulations on invoice/record in Vietnam, what are regulations on electronic record format? Thank you!
Answer:
Pursuant to Clause 1 Article 33 of the Decree 123/2020/NĐ-CP stipulating electronic record format in Vietnam as follows:
The format of receipts prescribed in Point b Clause 1 Article 30 hereof complies with the following provisions:
- Electronic receipts shall be XML (eXtensible Markup Language) documents, which are meant to share electronic data between IT systems;
- The data of an electronic record consists two components: information about the transaction and the digital signature;
- The General Department of Taxation shall develop and announce the format of transaction-related information, digital signatures and tools for display of electronic receipts prescribed herein.
Above are regulations on electronic record format in Vietnam.
What are procedures for application for use of electronic records in Vietnam?
I want to ask about the procedures for application for use of electronic records in Vietnam. Thank you!
Answer:
Pursuant to Article 34 of the Decree 123/2020/NĐ-CP stipulating procedures for application for use of electronic records in Vietnam as follows:
- Before using the electronic receipt as prescribed in Point b Clause 1 Article 30 hereof, the collector shall apply for use of the electronic receipt through the web portal of the General Department of Taxation.
An application for use of electronic receipt shall be made using Form No. 01/DK-BL in Appendix IA enclosed herewith.
The General Department of Taxation shall receive applications for use of electronic receipts and send notices, using form No. 01/TB-TNDK in Appendix IB enclosed herewith, through its web portal to applicants.
- Within 1 working day from receipt of the application for use of electronic receipt, the tax authority shall send an electronic notice of approval of the application, if it is valid and satisfactory, or refusal of the application, if it is unsatisfactory or has mistakes, prepared according to the form No. 01/TB-DKDT in Appendix IB enclosed herewith, to the applicant specified in Clause 1 of this Article.
- When starting the use of electronic receipt as prescribed herein, the collector prescribed in Clause 1 of this Article shall destroy any unused physical receipts/records as prescribed.
- In case there is any change in the application for use of electronic receipt as prescribed in Clause 1 of this Article, the collector of fees/charges payable to state budget shall make such change and submit the application for change to registration information to the tax authority by using form No. 01/DK-BL in Appendix IA enclosed herewith through the web portal of the General Department of Taxation.
Above are procedures for application for use of electronic records in Vietnam.
Who are e-invoice information users in Vietnam?
I want to know who are e-invoice information users in Vietnam. Thank you!
Answer:
Pursuant to Clause 2 Article 46 of the Decree 123/2020/NĐ-CP stipulating e-invoice information users in Vietnam as follows:
- Enterprises, business entities, household or individual businesses that are providers of goods or services; buyers of goods or services;
- Regulatory authorities that use e-invoice information for competing administrative procedures as prescribed by law; verifying the legitimacy of goods sold on the market;
- Credit institutions that use e-invoice information for their completion of procedures for tax and payments via banks;
- E-invoice service providers.
- Organizations that use electronic record information for deducting PIT.
Above are e-invoice information users in Vietnam.
Best regards!
