Do I need to submit report on use of receipts from tax authorities in Vietnam?
Do I need to submit report on use of receipts from tax authorities in Vietnam? Do burnt printed receipts have to be reported to the tax authority in Vietnam?
Hello. My company uses receipts from tax authorities. Currently, according to the new law on invoices and documents, does my company need to submit report on use of receipts to the tax authorities?
Do I need to submit report on use of receipts from tax authorities in Vietnam?
Pursuant to Article 38 of Decree 123/2020/ND-CP, there are regulations on reporting on use of internally- and externally-printed receipts as follows:
1. Every quarter, each collector shall submit report on use of receipts.
The quarterly report on use of receipts must be submitted by the last day of the first month of the quarter following the reporting quarter.
2. A report on use of receipts shall contain the following information: The collector’s name, TIN (if any) and address; type of receipt; form number and reference number of the receipt; the quantity of unused receipts at the beginning of the period, and the quantity of receipts bought in the period; the quantity of receipts used, cancelled, lost and destroyed in the period; the quantity of unused receipts at the end of the period; If no receipts are used during the period, the quantity of receipts used in the period specified in the report shall be zero (0). If the quantity of unused receipts specified in the report on use of receipts in the previous period is zero (0) and no announcement of issue of receipts is made and no receipts are used during this period, the report on use of receipts is not required.
If a third party is authorized to issue receipts, the collector shall still submit report on use of receipts.
The report on use of receipts shall be made using Form No. BC26/BLDT or Form No. BC26/BLG in Appendix IA enclosed herewith.
3. A collector that is dissolved, fully or partially divided, merged or has its ownership transferred, it shall submit the report on use of receipts by the same deadline for submission of fee/charge statements.
Thus, according to the above regulations in Vietnam, your company must periodically submit report on use of receipts to the tax office with the content as prescribed above.
Do burnt printed receipts have to be reported to the tax authority in Vietnam?
Pursuant to Article 40 of Decree 123/2020/ND-CP there are provisions as follows:
1. The collector shall make a report on any lost, burnt or damaged receipts, whether they are issued or not, and provide its supervisory tax authority with the following information within 05 working days from the occurrence of such loss, burning or damage, including: name, TIN and address of entity causing the receipt loss, burning or damage as specified in the case record, type, form number and reference number of the receipt, quantity of receipts (from number….to number…..) and copies of receipts. If the deadline (i.e. 05th day) falls on the day off as prescribed by law, the deadline shall be the day following that day off.
The report on loss, burning or damage to receipts is made using Form No. BC21/BLG in Appendix IA enclosed herewith.
2. If the PIT deduction statement or receipt of a taxpayer or fee/charge payer is lost, burnt or damaged, he/she may use the photocopy of the copy of the lost, burnt or damaged PIT deduction statement or receipt kept by the collector, which must bear the collector’s certification and seal (if any), and the record of such loss, burning or damage case as evidencing records for payment/financial statements. The collector and payer are responsible for the accuracy of the loss, burning or damage to the receipt.
According to this Article, in the case of printed receipts, they must notify the tax authorities directly managing them if they detect that the printed receipts are burned, lost or damaged in Vietnam.
Best regards!
