How to determine the invoicing time of goods in Vietnam?
How to determine the invoicing time in Vietnam? What are regulations on invoice number in Vietnam?
Hello Lawnet. My enterprise sold a shipment of electronic components to another company. We have delivered it to the other party and received payment for the goods after that. Now, there is a dispute that need determination of the invoicing time of the goods. I wonder whether the invoicing time is determined when the other party pays for the goods or we tranfer the right of own to them. Thank you!
How to determine the invoicing time in Vietnam?
Pursuant to Clause 1, Article 9 of the Decree 123/2020/ND-CP stipulating the invoicing time in Vietnam as follows:
1. Invoices for sale of goods (including the sale of state-owned property, property confiscated and put into state fund, and the sale of national reserve goods) shall be issued when the right to own or use goods is transferred to buys, whether the payment of the invoiced amount is made or not.
As regulations above, the invoicing time is the time when the right to own or use goods is transferred to buys whether the payment of the invoiced amount is made or not. In your case, the invoicing time is the time when you tranfer the right of own to the other company.
What are regulations on invoice number in Vietnam?
Pursuant to Clause 3, Article 10 of the Decree 123/2020/ND-CP stipulating invoice number in Vietnam as follows:
3. Invoice number
a) Invoice number is an ordinal number written on the invoice when it is issued by the seller. An invoice number consists of 8 digits, from 1 to 99 999 999, written in Arabic numerals, begins on January 01 or the first day on which the invoices are used and ends on December 31. Numbers of invoices of the same reference number and form number shall be issued in ascending order. Buyers of tax authority-ordered printed invoices may use the invoice numbers pre-printed on such invoices.
If a business entity has multiple points of sale or multiple establishments using the same type of e-invoices of the same reference number by adopting the random access method from an e-invoicing system, invoices shall be issued in ascending order from the date on which the digital or electronic signature is added to the invoice.
b) If the aforementioned rules are not followed, the electronic invoicing system shall ensure that the numbers are generated in chronological order, every invoice number is unique and has no more than 8 digits.
Best regards!
