Classification of invoices according to the draft Decree on invoices and records in Vietnam

Classification of invoices according to the draft Decree on invoices and records in Vietnam  (Illustration)

The Draft Decree on invoices and records 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 records.

Thuy Tram

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