Vietnam: E-invoices and its latest regulations

Recently, the Government of Vietnam issued Decree No. 119/2018/ND-CP prescribing electronic invoices for sale of goods and provision of services, which officially comes into force from November 01, 2018.

According to Decree No. 119/2018/ND-CP of Vietnam’s Government, e-invoices shall be classified into types that are currently used and shall be converted into paper vouchers. To be specific:

1.  Classification:

- Value-added tax e-invoice which is an invoice that may be used by providers of goods or services for their value-added tax declaration made by employing the credit method, including those invoices created by POS cash registers with network connections for transfer of electronic data to tax authorities.

- Sales e-invoice which is an invoice that may be used by providers of goods or services for their value-added tax declaration made by employing the direct method, including those invoices created by POS cash registers with network connections for transfer of electronic data to tax authorities.

- Other e-invoices, including electronic stamps, electronic tickets, electronic cards, electronic receipts, electronic goods dispatch and consignment note, or electronic evidencing documents which carry other names but contain information specified in Article 6 of Decree No. 119/2018/ND-CP.

2. Conversion of e-invoices into paper vouchers

- Legal e-invoices may be converted into paper vouchers.

- Contents of an e-invoice which is converted into a paper voucher must correspond to those of the paper document.

- In case where an electronic invoice is converted into a paper voucher, the paper voucher shall be retained for book and monitoring purposes only in accordance with the law on accounting and the law on electronic transactions, and shall not be valid for use in transactions or payments, except for cases where invoices are created from POS cash registers with network connections for electronic data transfer to tax authorities.

Relevant provisions can be found in Decree No. 119/2018/ND-CP of Vietnam’s Government, which takes effect from November 01, 2018.

- Thanh Lam -

>> CLICK HERE TO READ THIS ARTICLE IN VIETNAMESE

8 lượt xem



Related Document
  • Address: 19 Nguyen Gia Thieu, Vo Thi Sau Ward, District 3, Ho Chi Minh City
    Phone: (028) 7302 2286
    E-mail: info@lawnet.vn
Parent company: THU VIEN PHAP LUAT Ltd.
Editorial Director: Mr. Bui Tuong Vu - Tel. 028 3935 2079
P.702A , Centre Point, 106 Nguyen Van Troi, Ward 8, Phu Nhuan District, HCM City;