Vietnam: Procedures for issuing receipts according to the new Draft Decree on invoices

Vietnam: Procedures for issuing receipts in Vietnam according to the new Draft Decree on invoices (Illustrative Image)

According to the provisions of Clause 3, Article 38 of the DraftDecree regulating invoices and records, the procedures for issuing receipts in Vietnam are as follows:

- The announcement of issue of receipts and sample receipt in Vietnam must be sent to the supervisory tax authority at least 05 days before such receipts are used. The announcement of issue of receipts and sample receipt must be posted at a noticeable place at the premises of the collector and the entity authorized or delegated to collect fees/charges throughout the use of such receipt type.

- If the tax authority shall give a notification to the collector within 03 working days from receipt of the announcement if finding that the received announcement of issue of receipts does not contain adequate contents as prescribed. The collector shall make necessary modifications to make its new announcement of receipt issue satisfactory.

- If the contents and format of the receipt whose issue has been announced are kept unchanged, the collector is not required to provide the sample receipt from the second and subsequent issues of receipts.

- With regard to receipts whose issue has been announced and which have the collector’s name and address pre-printed but are unused, when the collector’s name and address are changed but its TIN and supervisory tax authority are unchanged, the collector may continue using such receipts by stamping its new name and address next to its name and address pre-printed on such receipts, and send a notification of changes to the announcement of receipt issue to the supervisory tax authority, using Form No. 2.8 in Appendix IA enclosed herewith.

More details can be found in the Draft Decree on invoices.

Thuy Tram

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