Vietnam: All penalties for violations against regulations on the act of preparing and delivering invoices

According to the Decree No. 125/2020/NĐ-CP of Vietnam’s Government, penalties for violations against regulations on the act of preparing and delivering invoices are specified as follows:

1. Cautions shall be imposed for the act of submitting notices or reports regarding invoices from 1 to 5 days after expiry of the regulated submission time limit under mitigating circumstances.

2. Fines ranging from VND 1,000,000 to VND 3,000,000 shall be imposed for one of the following violations:

- Submitting notices or reports regarding invoices from 1 to 10 days after expiry of the regulated submission time limit, except the case prescribed in clause 1 of this Article;

- Issuing invoices wrongly or those whose contents are not fully consistent with those stated in lawful notices and reports regarding invoices submitted to tax authorities.

If entities or persons, by themselves, detect errors and re-issue substitute notices or reports in accordance with regulations to their supervisory tax authorities before issuance of decisions to carry out tax inspections or reviews at the violating taxpayer’s offices by tax authorities or competent authorities, they shall not be sanctioned.

3. Fines ranging from VND 2,000,000 to VND 4,000,000 shall be imposed for the act of submitting notices or reports regarding invoices to tax authorities from 11 to 20 days after expiry of the regulated submission time limit.

4. Fines ranging from VND 4,000,000 to VND 8,000,000 shall be imposed for the act of submitting notices or reports regarding invoices to tax authorities from 21 to 90 days after expiry of the regulated submission time limit.

5. Fines ranging from VND 5,000,000 to VND 15,000,000 shall be imposed for one of the following violations:

- Submitting notices or reports regarding invoices to tax authorities at least 91 days after expiry of the regulated submission time limit;

- Failing to submit notices and reports regarding invoices to tax authorities as legally required.

6. If any act of violation arising from the preparation and delivery of invoice-related notices or reports is regulated in Article 23 and 25 herein, regulations of this Article shall not be applied for the imposition of administrative penalties.

View more details at the Decree No. 125/2020/NĐ-CP of Vietnam’s Government, effective from December 05, 2020.

Thuy Tram

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