Vietnam: Accountants need to pay attention to avoid making mistakes which result in penalties when using “e-invoices”

Violation

Penalty

Legal basis

Self-printing invoices or creating e-invoices which do not have sufficient compulsorily-true contents being true on self-printed invoices and e-invoices are notations of invoices, notations of prescribed invoices and numbers of invoices.

A fine of between 2,000,000 and 4,000,000 VND

Point a Clause 1 Article 6 of Circular No. 10/2014/TT-BTC of the Ministry of Finance of Vietnam

In cases of self-printing invoices or creating e-invoices ensured compulsory contents as above-prescribed but there are lack of or incorrectness of other contents then:

- A warning will be imposed if insufficient or incorrect contents on an invoice have been supplemented and ensured a complete reflection of economic professions incurred, without prejudice against payable tax amounts.

- A fine at a minimum rate of 2,000,000 VND of the fine frame will be imposed if insufficient or incorrect contents on an invoice are not supplemented but ensured a complete reflection of economic professions incurred.

- A fine of between 2,000,000 VND and 4,000,000 VND will be imposed if insufficient or incorrect information on an invoice does not prejudice payable tax amounts.

Point b Clause 1 Article 6 of Circular No. 10/2014/TT-BTC

Self-printing invoices or creating e-invoices when there are insufficient conditions as prescribed

Phạt tiền từ 4.000.000 - 8.000.000 đồng

Point a Clause 2 Article 6 of Circular No. 10/2014/TT-BTC

Providing software for self-printing invoices without ensuring principles as prescribed or printed invoices do not satisfy sufficient contents as prescribed

Phạt tiền từ 4.000.000 - 8.000.000 đồng

Point b Clause 2 Article 6 of Circular No. 10/2014/TT-BTC

Self-printing counterfeit invoices (except for cases of determining that errors are subject to invoice self-printing software) and acts of creating counterfeit e-invoices

Phạt tiền từ 20.000.000 - 50.000.000 đồng

Clause 3 Article 6 of Circular No. 10/2014/TT-BTC