This is a notable content of the Decree No. 123/2020/NĐ-CP of Vietnam’s Government prescribing invoices and records.
Article table of contents
Specifically, according to Article 59 of the Decree No. 123/2020/NĐ-CP of Vietnam’s Government: “Clause 2 and Clause 4 Article 35 of the Government’s Decree No. 119/2018/NĐ-CP dated September 12, 2018 are abrogated from November 01, 2020”.
According to Clause 2 and Clause 4 Article 35 of Decree No. 119/2018/NĐ-CP of Vietnam’s Government:
“2. The implementation of e-invoices and authenticated e-invoices as provided by this Decree shall be completed by enterprises, economic or other organizations, business households and individuals by November 1, 2020.
4. From November 1, 2020, the Decree No. 51/2010/ND-CP dated May 14, 2010 and the Decree No. 04/2014/ND-CP dated January 17, 2014 of the Government on sales and service invoices shall be repealed.”
Concurrently, according to Clause 1 Article 60 of the Decree No. 123/2020/NĐ-CP of Vietnam’s Government: Enterprises and business entities that have informed the issue of externally-printed invoices or internally-printed invoices, unauthenticated e-invoices or have registered the use of authenticated e-invoices, or have purchased invoices from tax authorities before the date of entry into force of this Decree (October 19, 2020) are allowed to continue using these invoices from October 19, 2020 to end of June 30, 2022, and following invoice-related procedures as provided for in the Decree No. 51/2010/ND-CP and the Decree No. 04/2014/ND-CP.
Besides, Decree No. 123/2020/NĐ-CP also stipulates that the following 02 Decrees will continue to be effective until June 30, 2022, to be specific:
- Decree No. 51/2010/ND-CP of Vietnam’s Government providing for goods sale and service provision invoices;
- Decree No. 04/2014/ND-CP of Vietnam’s Government amending Decree No. 51/2010/ND-CP providing for goods sale and service provision invoices.
Therefore, according to the above regulations, enterprises, economic organizations, other organizations, business households and individuals are not required to use e-invoices or e-invoices with the tax authority's code from November 01, 2020.
Le Hai
- Key word:
- e-invoices
- Decree No. 123/2020/NĐ-CP
