03 Important Deadlines to Note Regarding Electronic Invoices According to Circular 68/2019/TT-BTC

1. From November 1, 2018 to October 31, 2020

From November 1, 2018 to October 31, 2020, if the tax authority has not notified businesses, economic organizations, other organizations, households, and individual businesses to switch to using electronic invoices as prescribed by Decree 119/2018/ND-CP and guided by Circular 68/2019/TT-BTC, then businesses, economic organizations, other organizations, households, and individual businesses will still apply invoices in accordance with Decree 51/2010/ND-CP, Decree 04/2014/ND-CP and relevant guiding documents.

2. From November 1, 2020

Businesses, economic organizations, other organizations, households, and individual businesses are required to register for the application of electronic invoices as guided by Circular 68/2019/TT-BTC.

Additionally, the following Decisions and Circulars will cease to be effective from November 1, 2020: Circular 32/2011/TT-BTC, Circular 191/2010/TT-BTC, Circular 39/2014/TT-BTC, Decision 1209/QD-BTC, Decision 2660/QD-BTC and Circular 37/2017/TT-BTC.

3. Time of application of electronic invoices by businesses, organizations, individuals, households, and individual businesses as stipulated in Circular 68/2019/TT-BTC

From the time businesses, organizations, individuals, households, and individual businesses use electronic invoices as stipulated in Circular 68/2019/TT-BTC, if errors are found in invoices made under the provisions of Decree 51/2010/ND-CP, Decree 04/2014/ND-CP, and guiding documents of the Ministry of Finance, the seller and buyer must perform the following four tasks:

- The seller and the buyer must prepare a written agreement specifying the errors;

- The seller must notify the tax authority using Form No. 04 Appendix issued with Decree 119/2018/ND-CP;

- The seller must issue a new electronic invoice (with or without the tax authority's code) to replace the erroneous invoice. The replacement electronic invoice must include the line “This replaces invoice Form No... symbol... number... date... month... year”;

- The seller must sign digitally or electronically on the new electronic invoice replacing the erroneous one (according to Decree 51/2010/ND-CP, Decree 04/2014/ND-CP and the Ministry of Finance's guiding documents) and then send it to the tax authority for the code (for cases using electronic invoices with the tax authority's code).

Refer to the full regulation in Circular 68/2019/TT-BTC effective from November 14, 2019.

Thu Ba

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