On April 27, 2017, the Ministry of Finance issued Circular 37/2017/TT-BTC amending and supplementing many regulations on invoices.
Circular 37/2017/TT-BTC came into effect on June 12, 2017: 37_2017_tt-btc_348311
Accordingly, Circular 39/2014/TT-BTC guiding the implementation of Decree 51/2010/ND-CP and Decree 04/2014/ND-CP regulating invoices for the sale of goods and provision of services is amended; Circular 26/2015/TT-BTC guiding value-added tax and tax management under Decree 12/2015/ND-CP amends Circular 39/2014/TT-BTC on invoices for the sale of goods and provision of services.
Notably, there are changes to the conditions for self-printing invoices for the sale of goods and provision of services for newly established businesses from June 1, 2014, with charter capital under 15 billion VND, which are manufacturing or service businesses that have invested in purchasing fixed assets, machinery, and equipment with a value of 1 billion VND or more as recorded on the invoice at the time of notification of invoice issuance. Specifically, the adjustments relate to the application for using self-printed invoices; namely:
"There is a written request to use self-printed invoices, and it has been confirmed by the directly managing tax authority that the conditions are met." Within 02 working days (the current regulation is 05 working days) From the date of receiving the business's request, the directly managing tax authority must provide an opinion on the conditions for the business to use self-printed invoices. If, after 02 working days (the current regulation is 05 working days), the directly managing tax authority does not provide a written opinion, the business is allowed to use self-printed invoices. The head of the tax authority shall be held responsible for the failure to provide a written opinion to the business.
