LEGAL UPDATE NEWSLETTER SEPTEMBER 2018
1. Decree No. 119/2018 / ND-CP dated September 12, 2018 of the
Government providing for electronic invoices when selling goods and providing
services
Accordingly, this Decree provides for the use of electronic invoices
when selling goods and providing services; tasks and powers of tax
administration agencies at all levels and agencies and organizations related to
the management and use of electronic invoices; rights, obligations and
responsibilities of agencies, organizations and individuals in the management
and use of electronic invoices.
Here are some important contents of the Decree:
1.1 Complete the use of electronic invoices on November 1, 2020:
- The implementation of electronic invoices in enterprises, economic
organizations, business households and individuals must be completed by
November 1, 2020 at the latest.
- Businesses, economic organizations, business households and
individuals that have issued notices of ordered printing, self-printed invoices
or purchased invoices from tax authorities may continue using these services
until the end of October 31, 2020. .
- During the period from November 1, 2018 to October 31, 2020, the
Government's Decrees 51/2010 / ND-CP and Decree No. 04/2014 / ND-CP remain valid.
1.2 Apply electronic invoices when selling goods and services
For organizations and enterprises:
- Enterprises, economic organizations and other organizations that
use electronic invoices with codes of tax authorities when selling goods or
providing services, regardless of the value of each sale of goods or provision
of services.
- Enterprises doing business in fields such as electricity,
petroleum, post and telecommunications, transportation, clean water, credit
finance, insurance, healthcare, e-commerce business, supermarket business ,
commerce and businesses that have or will deal with tax authorities
electronically, have accounting software systems that meet the requirements,
may use electronic invoices without tax codes of the tax authorities, except
cases of high tax risk.
For business households and individuals (business registration):
- Business registration bookkeeping, regular use of 10 or more
employees and revenue of the preceding year from 03 (three) billion or more in
the field of agriculture, forestry, fisheries, industry , built or had
preceding revenue of 10 (ten) billion or more in the field of commerce or
services must use electronic invoices with codes of tax authorities.
- Business registration is not required but has made accounting
records, if required, electronic invoices with codes of tax authorities may be
applied as prescribed.
- Business lines in restaurants, hotels, retail consumer goods,
western medicines, providing direct services to consumers in some favorable
locations to pilot electronic invoices with codes of tax authorities initialize
from cash register connected to tax authority from 2018.
- Business establishments that do not meet the conditions for using
e-invoices with codes of tax agencies but need invoices to deliver to customers
are provided with e-invoice with codes according to each time of arising ...
For more details of the content of September legal news,
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