This Circular provides for registration and use of electronic invoices, issuance of electronic invoices according to the regulations at Decree No. 119/2018/ND-CP, including: contents of electronic invoices, issuance dates of electronic invoices, formats of electronic invoices, application of electronic invoices, processing erroneous electronic invoices, etc.
Accordingly, regarding names of goods, services on electronic invoices, they must be presented in Vietnamese. If the goods fall into different categories, their names shall contain the categories e.g. Samsung phone, Nokia phone, etc.
In addition, in case the right to use or ownership of the goods has to be registered, the invoice shall bear the number or symbol of the goods that is needed for registration e.g. chassis number, engine number of a vehicle; address, level, dimensions and number of stories of a house, etc.
Regarding a buyer’s address, in case of sale of goods/services to a foreigner in Vietnam, his/her information and address may be replaced with information in his/her passport or travel document and his/her nationality
An electronic invoice does not necessarily have the buyer’s electronic signature, even if goods/services are sold overseas. In case the buyer is a business establishment and both the buyer and the seller agree to use digital or electronic signatures on the electronic invoice issued by the seller, the invoice shall bear the buyer’s and the seller’s digital or electronic signatures.
Any enterprise whose equity is below 15 billion VND and has any of these signs must use authenticated invoices: does not have the right to ownership or right to use of factory, warehouse, vehicles, stores; has suspicious bank transactions; fails to submit the tax declaration dossier in line with the set deadline; changes the address of its business location 2 times or more within 12 months, etc.
This Circular takes effect from November 14th, 2019. The following documents shall be abrogated from November 1st, 2020:
a) Circular No. 32/2011/TT-BTC dated March 14th, 2011
b) Circular No. 191/2010/TT-BTC dated 1st, 2010
c) Circular No. 39/2014/TT-BTC dated March 31st, 2014
d) Decision No. 1209/QD-BTC dated June 23rd, 2015
đ) Decision No. 2660/QD-BTC dated December 14th, 2016
e) Circular No. 37/2017/TT-BTC dated April 27th, 2017.
|Published||Vietlaw's Newsletter No. 429|
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