To strengthen the management and supervision of the issuance and use of e-invoices in Vietnam

To strengthen the management and supervision of the issuance and use of e-invoices in Vietnam (Internet image)

To strengthen the management and supervision of the issuance and use of e-invoices in Vietnam

According to the Ministry of Finance of Vietnam, there is still the phenomenon of some businesses, organizations, and individuals deliberately taking advantage of the issuance and use of e-invoices to sell short, buy and sell invoices for profit, and violate the law.

In order to continue to strengthen the management and supervision of the issuance and use of e-invoices, the Minister of Finance of Vietnam requests the General Department of Taxation to direct the Tax Departments of the provinces and centrally-run cities to implement the following contents:

- Spreading propaganda and raising awareness about the importance of tax compliance among businesses in particular and taxpayers in general.

Timely warning of tax violations and crimes; develop a comprehensive and systematic plan for disseminating and educating tax laws, preventing violations of the issuance and use of e-invoices.

- Strengthening the inspection, examination, and supervision of the issuance and use of e-invoices to promptly detect law violations and strictly handle them according to regulations.

- Overall review, assessment, and proposal to upgrade the information technology system for e-invoices;

Expeditiously completing the procedures for obtaining appraisal opinions from the Ministry of Information and Communications and submitting to the competent authorities for approval the dossiers of proposals for the security level of the electronic invoice information system;

Having solutions to ensure network safety and security for the E-invoice system;

Strengthen supervision, early detection, and timely handling of abnormal acts on the E-Invoice system;

Assigning and arranging staff to analyze, evaluate, and warn, promptly detect acts of forgery and fraud on e-invoices.

- Strengthening coordination with police agencies, relevant ministries, branches, and units in order to promptly and strictly handle violations of the law in the issuance, management, and use of e-invoices.

What is an electronic invoice?

- An electronic invoice means an invoice in the form of electronic data, issued by the goods seller or service provide to record the goods sale or service provision in accordance with regulations of law on electronic accounting and tax, including the invoices generated by cash registers that are digitally connected to tax authorities in Vietnam.

- Electronic invoices include VAT invoices, sale invoices, electronic stamps, electronic tickets, electronic cards, electronic receipts, electronic delivery notes and other electronic documents.

- Authenticated electronic invoices are electronic invoices that bear by tax authorities’ authentication codes before goods/services are sold to buyers.

The authentication code on an electronic invoice is a unique serial number generated by the tax authority’s system and a series of encoded characters based on information on the invoice.

- Unauthenticated electronic invoices are electronic invoices that sent to buyers without tax authorities’ authentication codes.

(Article 89 of the Law on Tax Administration 2019)

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