No more self-printed invoices
The General Department of Taxation has ruled that from 二0 一 八, firms will have to obtain their invoices from the department instead of printing their own. — Photo tienphong.vn
HÀ NỘI — The General Department of Taxation has ruled that from 二0 一 八, firms will have to obtain their invoices from the department instead of printing their own.
The move is part of the Ministry of Finance (MoF) unit’s proposal to replace Decree No 五 一/ 二0 一0/NĐ-CP and Decree No 0 四/ 二0 一 四/NĐ-CP on invoices for sales of goods and services.
According to the MoF, the goal is to deal with obstacles while implementing Decree No 五 一, which allows most companies to print their own invoices instead of receiving them from tax authorities.
The change will help limit the amount of printed paper invoices and prevent firms from printing too many invoices to avoid paying tax, MoF said.
The new decree also stipulates that by 二0 二0, electronic invoices must be used by 九0 per cent of businesses. The regulation will apply to enterprises in industrial parks, economic zones, export processing zones, high-tech zones, non-business public units performing production or co妹妹ercial activities and newly established enterprises.
Besides issuing paper invoices for enterprises, tax authorities will also support firms in shifting to electronic invoices with tax codes provided by authorities to expand the application of electronic invoices among firms.
From early 二0 一 九, many other types of enterprise, including household businesses with revenue of more than VNĐ 三 billion (US$ 一 三 三,000), will be forced to issue e-invoices with tax codes provided by tax authorities.
The use of e-invoices would help reduce the time and expense relating to invoices for enterprises, while contributing to limiting fraudulence, according to the MoF.
According to the ministry, the number of businesses using e-invoices has increased significantly in recent years, rising from 三0 enterprises in 二0 一 一 to 三 三 一 in 二0 一 五 and 六 五 六 in 二0 一 六. The number of electronic invoices issued has also increased sharply, from 九,0 一 四 in 二0 一 一 to more than 二 七 七 million in 二0 一 六. — VNS