What are the fines for failure to transfer electronic invoice data to tax authorities within time limit in Vietnam?
What are the fines for failure to transfer electronic invoice data to tax authorities within time limit in Vietnam?
My company conducted electronic invoice data. However, by the deadline for submitting tax declarations, we failed to submitting it on time. Will my company be fined for this violation? What are the fines for providing internally printed invoice software that does not conform to principles in Vietnam?
What are the fines for failure to transfer electronic invoice data to tax authorities within time limit in Vietnam?
Pursuant to Article 30 of the Decree 125/2020/NĐ-CP stipulating penalties for violations against regulations on the transfer of e-invoice data in Vietnam as follows:
1. Fines ranging from VND 2,000,000 to VND 5,000,000 shall be imposed for the act of transferring e-invoice data to tax authorities from 01 to 05 working days after expiry of the regulated time limit.
2. Fines ranging from VND 5,000,000 to VND 8,000,000 shall be imposed for one of the following violations:
a) Transferring electronic invoice data to tax authorities from 06 to 10 working days after expiry of the regulated time limit;
b) Transferring general charts of electronic invoice data containing the inadequate number of invoices issued within invoicing periods.
3. Fines ranging from VND 10,000,000 to VND 20,000,000 shall be imposed for one of the following violations:
a) Transferring electronic invoice data to tax authorities at least 11 working days after expiry of the regulated time limit;
b) Failing to transfer electronic invoice data to tax authorities within the regulated time limit.
4. Remedies: Compelling the transfer of e-invoice data to tax authorities with respect to the acts specified in point b of clause 2, and point b of clause 3 of this Article.
As regulations above, a fine ranging from VND 10,000,000 to VND 20,000,000 shall be imposed for failure to transfer electronic invoice data to tax authorities within time limit in Vietnam. Your company shall also be made to transfer to tax authorities.
What are the fines for providing internally printed invoice software that does not conform to principles in Vietnam?
Pursuant to Article 31 of the Decree 125/2020/NĐ-CP stipulating penalties for violations against regulations on the provision of invoice services in Vietnam as follows:
Fines ranging from VND 4,000,000 to VND 8,000,000 shall be imposed for one of the following violations:
1. Providing internally printed invoice software that does not conform to principles or prints out invoices of which contents are not fully consistent with those prescribed in laws on invoices.
2. Providing e-invoicing software in contravention of the principles set forth in laws on invoices.
As regulations above, a fine ranging from VND 4,000,000 to VND 8,000,000 shall be imposed for providing internally printed invoice software that does not conform to principles in Vietnam.
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