Headlines 29/09/2021 16:37 CH

Instructions for use of e-invoices are available for business households and individuals

Ngọc Duy

These instructions are given according to the Circular No. 78/2021/TT-BTC providing instructions on implementation of several articles of the Law on Tax Administration and the Decree No. 123/2020/ND-CP on invoices and evidencing documents.

According to this document, business households and individuals will have access to e-invoices as from July 1, 2022 in the following cases:

- Those paying taxes according to the tax declaration method are required to issue e-invoices;  

- If those paying taxes according to the lump-sum tax payment method need to issue invoices, tax authorities may provide them with e-invoices separately on an on-demand basis;

- If those declaring taxes as they arise need to issue invoices, tax authorities may provide them with e-invoices separately on an on-demand basis.

Except in the following cases where paper invoices provided by tax authorities may be used within the maximum period of 12 months as prescribed in clause 1 of Article 14 in the Decree No. 123/2020/ND-CP:  

Having no electronic transactions with tax authorities; no IT infrastructure; no accounting software systems; no e-invoicing software enabling use of e-invoices and transmitting e-invoice data to buyers and tax authorities.

This maximum 12-month period existing in a one-off manner starts from:

- July 1, 2022 with regard to business households or individuals that carry on business before July 1, 2022;

- Or the date of registration for use of invoices with regard to business households and individuals that set up in business from July 1, 2022.

Circular No. 78/2021/TT-BTC is entering into force as of July 1, 2022.

>> CLICK HERE TO READ THE ARTICLE IN VIETNAMESE

393

More headlines

Most Viewed

Address: 17 Nguyen Gia Thieu street, Ward Vo Thi Sau, District 3, Ho Chi Minh City, Vietnam.
Phone: (+84)28 3930 3279 (06 lines)
Email: info@ThuVienPhapLuat.vn

Copyright© 2019 by THƯ VIỆN PHÁP LUẬT
Editorial Director: Mr. Bui Tuong Vu

DMCA.com Protection Status