On October 19, 2020, the Government of Vietnam issued the Decree No. 123/2020/NĐ-CP prescribing invoices and records, which helps enterprises and local tax authorities determine when to make the switch to the use of e-invoices.
This is a notable content specified in the Draft Decree prescribing invoices and vouchers, which is currently open for suggestion and is expected to come into effect on July 01, 2020.
In the process of using and managing e-invoices, mistakes cannot be avoided, so accountants need to pay attention to avoid making mistakes which result in penalties.
During the process of buying and selling goods, errors on e-invoices cannot be completely avoided. Therefore, the seller's accountants need to pay attention to the following regulations to handle errors accurately when encountered on e-invoices.
According to Circular No. 32/2011/TT-BTC of the Ministry of Finance of Vietnam, a goods seller may convert e-invoices into paper ones to prove the origin of tangible goods in their circulation. So, what are the conditions for conversion of e-invoices into paper ones?
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