New Text Notification

To rectify Vietnam's Decree 125/2020/ND-CP on penalties for administrative violations on taxes and invoices

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10:35, 27/01/2021

This is the important content specified in Official Dispatch 29/CP-KTTH rectifying Decree 125/2020/ND-CP .

On January 21, 2021, the Government of Vietnam issued Vietnam's Official Dispatch 29/CP-KTTH rectifying the Decree 125/2020/ND-CP on penalties for administrative violations on taxes and invoices as follows: :

Clause 3, Article 19 in the Decree No. 125/2020/ND-CP stating: “…The amounts of fine imposed on natural persons shall conform to the principles prescribed in clause 5, Article 4 herein.” is now changed to: "… The amounts of fine imposed on natural persons shall conform to the principles prescribed in clause 5, Article 5 herein.”
The title of Article 29 in the Decree No. 125/2020/ND-CP: “Article 29. Penalties for violations against regulations on the act of preparing and delivering invoice-related notices. reports” is now changed to: “Article 29. Penalties for violations against regulations on the act of preparing and delivering invoice-related notices, reports”.
In the Remark section, the abbreviation “Q.” in front of the head title in No. [18], Form No. 01/QD; No. [9], Form No. 02/QD; No. [18], Form No. 03/QD; No. [11], Form No. 04/QD; No. [17], Form No. 06/QD; No. [10], Form No. 07/QD; No. [11], Form No. 08/QD; No. [13], Form No. 09/QD; No. [14], Form No. 10/QD; No. [14], Form No. 11/QD in the Appendices to the Decree No. 125/2020/ND-CP, is now changed to the abbreviation “KT.” in front of the head title.

More details can be found in Vietnam's Official Dispatch 29/CP-KTTH, issued on January 21, 2021.

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