Headlines 26/08/2020 08:11 SA

General Department of Taxation provides instructions about schedule for putting electronic invoices in use

Nguyễn Thông

General Department of Taxation has issued the Official Dispatch No. 2578/TCT-CS in reply to queries about electronic invoices.

The document provides instructions about the deadlines for putting electronic invoices to use as follows:

- From November 1, 2018 to October 31, 2020, whilst expecting the tax authority’s notification of enterprise’s conversion to electronic invoices under the Decree No. 119/2018/ND-CP and the Circular No. 68/2019/TT-BTC the application of invoices will be subject to the following regulations:

+ Decree No. 51/2010/ND-CP dated May 14, 2010;

+ Decree No. 04/2014/ND-CP dated January 17, 2014;

+ Circular No. 39/2014/TT-BTC dated March 31, 2014;

+ Circular No. 32/2011/TT-BTC dated March 14, 2011.

- From November 1, 2020, use of electronic invoices will be subject to the Decree No. 119/2018 and Circular No. 68/2019.

This means that enterprises, economic organizations, other entities, sole proprietorship households or individuals will have to register the use of electronic invoices in accordance with regulations laid down in the Decree No. 119/2018 from November 1, 2020.

- Currently, the Ministry of Finance has already drafted the Decree providing instructions on implementation of the Law on Tax Administration in place of the Decree No. 119 to seek the Government’s approval. 

If the Government adopts the Decree prescribing electronic invoices and other evidencing documents as per the 2019 Law on Tax Administration, regulations laid down in the new Decree will come in use.

For more details, please read the Official Dispatch No. 2578/TCT-CS dated June 23, 2020.

>> CLICK HERE TO READ THE ARTICLE IN VIETNAMESE

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