Classification of Invoices According to the Draft Decree on Invoices and Documents

Classification of invoices according to the draft Decree on invoices and documents (Illustration)

The Draft Decree on invoices and documents stipulates the following types of invoices as follows:

- Value-added tax (VAT) invoice is an invoice for selling goods and providing services for organizations declaring VAT by the deduction method, used for the following activities:

- Selling goods and providing services domestically;- International transportation activities;- Export to non-tariff zones and cases considered as exports;- Export of goods and provision of services abroad.

- Sales invoice is an invoice for selling goods and services for organizations and individuals declaring VAT by the direct method, specifically:

- Organizations and individuals declaring, calculating VAT by the direct method when selling goods, providing services, exporting to non-tariff zones and cases considered as exports, exporting goods, and providing services abroad.- Organizations and individuals in non-tariff zones when selling goods and providing services domestically and when selling goods and providing services between organizations and individuals in non-tariff zones, exporting goods, and providing services abroad, the invoice clearly states "For organizations and individuals in non-tariff zones".

- Invoice for selling state assets is used when selling the following types of assets:

- State assets at state agencies, armed forces units, public service providers, political organizations, political-social organizations, political-social-professional organizations, social organizations, social-professional organizations (hereinafter collectively referred to as agencies, organizations, units);- State assets recovered under the decision of a competent state agency;- Assets recovered from projects using state funds (including ODA funds) when the project ends;- Assets recovered during the liquidation of state assets;- State assets not yet handed over to any agency, organization, unit for management and use.

- Invoice for selling confiscated, forfeited state assets is used when selling the following types of assets:

- Confiscated assets forfeited to the state budget;- Assets established as state ownership under the law.

- Invoice for selling national reserve goods is used when the reserve unit sells national reserve goods as prescribed by law.

- Other types of invoices.

More details can be found in the Draft Decree on invoices and documents.

Thuy Tram

>> CLICK HERE TO READ THIS ARTICLE IN VIETNAMESE