Accountants cannot avoid mistakes related to issuing incorrect invoices. This article will share the common invoice errors accountants are prone to and how to resolve each case according to the law in Vietnam.
Circular 68/2019/TT-BTC provides guidance on the implementation of certain articles of Decree 119/2018/ND-CP regarding electronic invoices for the sale of goods and provision of services in Vietnam, which was issued on September 30, 2019, and officially came into effect on November 14, 2019.
Invoice is an accounting document created by the organizations and individuals selling goods or providing services, recording information about sales of goods and provision of services in accordance with the Accounting Law in Vietnam. The issuance of invoices by organizations and individuals must be in conformity with the law. Below are all fine amounts for invoice violations when selling goods and services from December 05, 2020 in Vietnam.
On October 19, 2020, the Government of Vietnam issued Decree 125/2020/ND-CP providing regulations on administrative penalties for tax and invoice violations.
General Department of Taxation of Vietnam issued Decision 575/QD-TCT dated May 10, 2023 on the process of applying risk management to assess and identify taxpayers with signs of risk in the management and use of invoices.
Parent company: THU VIEN PHAP LUAT Ltd.
Editorial Director: Mr. Bui Tuong Vu - Tel. 028 3935 2079
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