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.
Article table of contents
Specifically, according to Article 6 of this Draft, legal e-invoices and e-vouchers can be converted into paper invoices and vouchers when there is a requirement for economic or financial transactions or at the request of tax authorities, inspection agencies, investigation agencies, in accordance with the provisions of laws regarding inspection, examination, and investigation.
Contents of an e-invoice or an e-voucher which is converted into a paper invoice or a paper voucher must correspond to those of the paper document.
In case where an e-invoice or an e-voucher is converted into a paper invoice or a paper voucher, the paper invoice or a 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 under the provisions of this Draft.
Thus, according to the above-mentioned provisions, it can be seen that in certain specific cases, legal e-invoices and e-vouchers can be converted into paper invoices and paper vouchers. However, these converted invoices and vouchers will not have the transaction and payment validity, but will only serve as records for bookkeeping and tracking purposes, in accordance with the provisions of the law.
More details can be found in the Draft Decree prescribing invoices and vouchers, which takes effect from July 01, 2020. The provisions on e-invoices and e-vouchers in this Decree will come into effect on July 01, 2022. It is encouraged for agencies, organizations, and individuals to apply the provisions regarding e-invoices and e-vouchers in this Decree before July 01, 2022.
Note:
- From July 01, 2020 (the date this draft decree takes effect), Decree No. 119/2018/ND-CP dated September 12, 2018 of Vietnam’s Government and Circular No. 68/2019/TT-BTC dated September 30, 2019 of the Ministry of Finance of Vietnam shall expire.
- From July 01, 2022, Decree No. 51/2010/ND-CP dated May 14, 2010 and Decree No. 04/2014/ND-CP dated January 17, 2014 of Vietnam’s Government and documents guiding invoices and vouchers promulgated by the Ministry of Finance shall expire.
Nguyen Trinh
