• (+0903) 024 034
  • contact@expertis.vn
  • Mon - Fri: 8:00 - 17:30
Search
Fermer
Expertis.vn logo main
  • About Us
    • About Us
      • Introduction to Expertis
      • Association members
      • Contact Us
    • Recruitment
      • The position is recruiting
    • Partner portal
      • Global partners
      • Technology partners
  • Services
    • Audit and assurance
      • Audited financial statements
      • Tax audit
      • Compliance audit service
      • Financial Due Diligence (FDD)
    • Accounting
      • Accounting and tax services package
      • Service of completing accounting records
      • Package business management service
      • Financial reporting service
    • Taxes consulting
      • Consulting services for associated transactions
      • Tax consulting services
      • Tax settlement service
    • Building Accounting - Finance system
      • Service of building accounting system - Finance - Administration
    • Payroll
      • Salary and Social Insurance Management Service
      • Consulting service to build the salary system in the enterprise
      • Service of registering for social insurance for the first time
    • Enterprise & Investment
      • Consulting services for setting up a business
      • Foreign investment consulting service in Vietnam
      • Establishing a foreign representative office in Vietnam
      • Business dissolution service
  • Resources
    • Knowledge of Auditing
      • Auditing knowledge for directors
      • Legal provisions on auditing
      • Update audit news
      • System of auditing standards
    • Knowledge management accounting
      • Accounting knowledge for the director
      • Building an accounting and financial system
      • Enterprise Financial Management
      • Legal provisions on accounting
    • Knowledge of tax
      • Tax knowledge for directors
      • Knowledge of Tax Inspection - Tax Finalization
      • Knowledge of related transactions
      • Tax law provisions
      • Tax news events
    • Knowledge of labor and wage management
      • Wages management knowledge for directors
      • Regulations for Foreign Workers
      • Regulations of law on labor and wages
      • Salary models in the enterprise
      • Update news, events about labor, salary and insurance
      • Salary calculation tool (Gross-Net) – PIT calculation – Social insurance calculation 2022
    • Business and investment knowledge
      • Establishing and managing a business
      • Business and investment environment in Vietnam
      • Foreign investment in Vietnam
      • Borrowing from abroad, repaying foreign loans
  • Sectors
    • Trade
    • Services
    • Construction, installation
    • Production and processing
    • Information Technology
    • Transportation, Logistics
    • Science and technology enterprise
    • Household, Business individual
  • News
    • Tax Newsletter 2022
    • Tax Newsletter 2021
    • Updates
    • Events
    • Supporting businesses due to Covid-19
  • Contact Us
Menu
  • About Us
    • About Us
      • Introduction to Expertis
      • Association members
      • Contact Us
    • Recruitment
      • The position is recruiting
    • Partner portal
      • Global partners
      • Technology partners
  • Services
    • Audit and assurance
      • Audited financial statements
      • Tax audit
      • Compliance audit service
      • Financial Due Diligence (FDD)
    • Accounting
      • Accounting and tax services package
      • Service of completing accounting records
      • Package business management service
      • Financial reporting service
    • Taxes consulting
      • Consulting services for associated transactions
      • Tax consulting services
      • Tax settlement service
    • Building Accounting - Finance system
      • Service of building accounting system - Finance - Administration
    • Payroll
      • Salary and Social Insurance Management Service
      • Consulting service to build the salary system in the enterprise
      • Service of registering for social insurance for the first time
    • Enterprise & Investment
      • Consulting services for setting up a business
      • Foreign investment consulting service in Vietnam
      • Establishing a foreign representative office in Vietnam
      • Business dissolution service
  • Resources
    • Knowledge of Auditing
      • Auditing knowledge for directors
      • Legal provisions on auditing
      • Update audit news
      • System of auditing standards
    • Knowledge management accounting
      • Accounting knowledge for the director
      • Building an accounting and financial system
      • Enterprise Financial Management
      • Legal provisions on accounting
    • Knowledge of tax
      • Tax knowledge for directors
      • Knowledge of Tax Inspection - Tax Finalization
      • Knowledge of related transactions
      • Tax law provisions
      • Tax news events
    • Knowledge of labor and wage management
      • Wages management knowledge for directors
      • Regulations for Foreign Workers
      • Regulations of law on labor and wages
      • Salary models in the enterprise
      • Update news, events about labor, salary and insurance
      • Salary calculation tool (Gross-Net) – PIT calculation – Social insurance calculation 2022
    • Business and investment knowledge
      • Establishing and managing a business
      • Business and investment environment in Vietnam
      • Foreign investment in Vietnam
      • Borrowing from abroad, repaying foreign loans
  • Sectors
    • Trade
    • Services
    • Construction, installation
    • Production and processing
    • Information Technology
    • Transportation, Logistics
    • Science and technology enterprise
    • Household, Business individual
  • News
    • Tax Newsletter 2022
    • Tax Newsletter 2021
    • Updates
    • Events
    • Supporting businesses due to Covid-19
  • Contact Us

WAREHOUSE OF ENTERPRISE MANAGEMENT KNOWLEDGE

Specialized content, carefully edited, compiled and updated by the Expertis Committee

Tax knowledge for directors

  • Tax authorities and the fight against profiteering from value added tax (VAT)
  • Do not leave when being subject to tax enforcement
  • Banks must provide personal banking data to the tax authorities
  • Tax administration for enterprises with associated transactions from 2020
  • Tax obligation when the business is suspended
  • Sanctions for administrative violations on taxes and invoices (from December 05, 12)
  • Knowledge of Tax Administration should know for businesses
  • How businesses make tax planning (Tax Planning)
  • Tax policy: a constant worry of foreign investors
  • Schedule for submitting tax returns 2020
  • Tax administration assignment in Ho Chi Minh City

Knowledge of tax examination - tax settlement

  • Tax authorities and the fight against profiteering from value added tax (VAT)
  • Provision for devaluation of inventory
  • Correct understanding of the time to issue invoices
  • Provisions on tax assessment from 2020
  • Are royalties subject to contractor tax
  • Tax examination procedures are issued by the General Department of Taxation
  • Reasonable and valid expenses are deductible when the enterprise makes tax finalization

Knowledge of related transactions

  • Tax strictly controls associated transactions against transfer pricing: What should Vietnamese enterprises do?
  • Declare associated transactions for businesses in Vietnam
  • Transfer pricing: Vietnamese enterprises are careful to collect tax arrears
  • Guide on Affiliate Transactions for Enterprises in Vietnam
  • Affiliate transactions (transfer pricing) – Part 4: guidance on declarations and records
  • Affiliate transactions (transfer pricing) – Part 3: Classification of associated transactions and the principle that the substance determines the form
  • Affiliate transactions (transfer pricing) – Part 2: Transfer pricing methods of multinational companies in Vietnam
  • Affiliate transactions (transfer pricing) – Part 1: Tax basis and profit transfer
  • Tax administration for enterprises with associated transactions from 2020
Legal regulations on affiliate transactions (Transfer pricing)
  • Circular 45/2021/TT-BTC guiding the application of APA in tax administration for enterprises with associated transactions
  • Official Dispatch 271/TCT-TTKT introducing new contents of Decree 132/2020/ND-CP on tax administration for enterprises with associated transactions
  • Appendices of Decree 132/2020/ND-CP on related-party transactions
  • Decree 132/2020 / ND-CP on tax administration applicable to enterprises with associated transactions
  • Official Letter 2835/TCT-TTKT guiding the implementation of Decree 68/2020/ND-CP issued by the General Department of Taxation
  • Decree 68/2020/ND-CP amending and supplementing Decree 20/2017/ND-CP on tax administration for enterprises with associated transactions
  • Circular 41/2017/TT-BTC guiding the implementation of Decree 20/2017/ND-CP stipulating tax administration for enterprises with associated transactions
  • Decree 20/2017 / ND-CP on tax administration applicable to enterprises with associated transactions

Tax law provisions

  • Decree No. 15/2022/ND-CP stipulating tax exemption and reduction under Resolution 43/2022/QH15
  • Identify tax incentives for software
  • Circular 19/2021/TT-BTC guiding electronic transactions in the tax field
  • Regulations on Consolidation of legal documents and how to use Consolidated documents
Tax Administration
  • Circular 80/2021/TT-BTC guiding tax administration from January 01, 01
  • Circular 78/2021/TT-BTC on invoices and documents
  • Official Letter 6770/CTTPHCM-KK on filing tax returns during the implementation of Directive 16/CT-TTg
  • Circular 31/2021/TT-BTC on risk management in tax administration
  • Circular 105/2020/TT-BTC dated December 03, 12 guiding tax registration
  • Decree 126/2020 / ND-CP guiding the Law on Tax Administration 2019
  • Law on Tax Administration 2019 (Law No. 38/2019/QH14)
  • Circular 119/2014/TT-BTC amending the application of tax declaration by deduction method
V.a.t tax
  • Decree No. 15/2022/ND-CP stipulating tax exemption and reduction under Resolution 43/2022/QH15
  • Reducing VAT from 10% to 8% in 2022 (From February 01 – Detailed application instructions)
  • Circular 43/2021/TT-BTC supplementing medical instruments and equipment subject to VAT rate of 5%
Corporate income tax
  • Circular 71/2021/TT-BTC providing guidance on corporate income tax for establishments carrying out socialization that have not yet been collected according to Resolution 63/NQ-CP dated May 25, 5
  • Costs related to Covid are included in business expenses and not included in personal income taxable income
  • Decision 29/2021/QD-TTg on special investment incentives
  • Decree 57/2021/ND-CP on corporate income tax incentives for projects producing supporting industry products
  • Circular 03/2021/TT-BTC guiding the CIT exemption and reduction for science and technology enterprises
personal income tax
  • Changes in the way to calculate PIT in 2022
  • Legal regulation system of personal income tax
Receipts
  • Official Dispatch 5113/TCT-CS guiding some contents about e-invoices
  • Official Letter 4144/TCT-CS General Department of Taxation introduces new contents in Circular 78/2021/TT-BTC guiding invoices and documents
  • The process of managing electronic invoices issued by the General Department of Taxation
  • Decree No. 123/2020 / ND-CP on invoices and documents
  • Circular 88/2020/TT-BTC amending and supplementing Article 26 of Circular 68/2019/TT-BTC
  • Circular 68/2019/TT-BTC guiding Decree 119/2018/ND-CP on e-invoices when selling goods and providing services
  • Consolidated document 11/VBHN-BTC in 2018 guiding the implementation of Decree 51/2010/ND-CP and 04/2014/ND-CP on invoices for selling goods and providing services
  • Circular 39/2014/TT-BTC guiding the implementation of Decree 51/2010/ND-CP and Decree 04/2014/ND-CP stipulating invoices for selling goods and providing services
  • Decree 04/2014/ND-CP amending and supplementing a number of articles of Decree No. 51/2010/ND-CP dated May 14, 05 regulating invoices for selling goods and providing services
  • Decree 51/2010 / ND-CP on invoices for selling goods and providing services
Penalties for administrative violations of tax and invoices
  • Decree 102/2021/ND-CP on penalties for administrative violations in the fields of taxation, invoices, accounting and auditing
  • Decree 125/2020/ND-CP stipulating penalties for administrative violations on taxes and invoices
Extension, tax exemption and reduction due to Covid-19
  • Resolution 11/NQ-CP on tax payment extension 2022
  • Resolution 43/2022/QH15 on fiscal and monetary policies to support the socio-economic recovery and development program
  • Decree 92/2021/ND-CP guiding Resolution 406/NQ-UBTVQH15 on tax exemption and reduction
  • Official Letter 3887/TCT-CS on business support and sponsorship for COVID-19 prevention and control activities
  • Decree 52/2021/ND-CP extending the deadline for payment of VAT, CIT, PIT and land rent in 2021 (Due to Covid-19)
  • Decree 41/2020/ND-CP Extension of deadlines for payment of VAT, CIT, PIT and land rent (Due to Covid-19)

Updating tax events news

  • Notes for individuals and businesses when finalizing taxes in 2021
  • Necessary documents and deadline for personal income tax finalization in 2022
  • Is it necessary to declare tax when there is no personal income tax?
  • Will there be a penalty for not finalizing personal income tax in 2022?
  • Decree No. 15/2022/ND-CP stipulating tax exemption and reduction under Resolution 43/2022/QH15
  • Reducing VAT from 10% to 8% in 2022 (From February 01 – Detailed application instructions)
  • Manage input and output information of businesses and individuals through electronic invoices
  • Transfer pricing: Vietnamese enterprises are careful to collect tax arrears
  • If I do not generate income, do I have to declare PIT?
  • Tax risk assessment and key monitoring of taxpayers from July 02, 07
  • Guide to PIT finalization in 2020
  • Exemption or reduction of corporate income tax for science and technology enterprises
  • Schedule for filing all kinds of tax returns for 2021
  • New regulations on tax declaration for businesses from December 12
  • New point of Decree 126 / ND-CP on tax administration is applicable from December 05, 12
  • Carefully get penalized with Provisional Corporate Income Tax
  • Banks must provide personal banking data to the tax authorities
  • Increased penalties for administrative violations of taxes and invoices from December 05, 12
  • Tax administration for enterprises with associated transactions from 2020
  • Not required to use e-invoices from 01/11/20
  • Cases of wrong electronic invoicing need to be handled
  • Decree 114/2020 / ND-CP guiding the implementation of tax reduction of 30% of CIT payable by 2020
  • Official Letter 3867 / TCT-KK in 2020 regarding refund of overpaid value-added tax due to incorrect payment
  • 3867 / TCT-KK on overpaid VAT refund
  • Guide to properly implement tax policies for advertising activities on Facebook, Google
  • Official Letter 2578 / TCT-CS dated 23/6/2020 on the time required to use e-invoices
  • Official Letter 3529 / TCT-KK on refunded VAT policy for investment projects that are terminated
  • Official Letter 3185 / TCT-HTQT 2020 on withholding tax paid abroad from tax payable in Vietnam
  • Official Letter 2668 / TCT-CS in 2020 on value added tax policy for enterprises when transformed into export processing enterprises issued by the General Department of Taxation
  • 9 new points to know about the Tax Administration Law 2019 (effective from July 01, 07)
  • Home
  • General knowlegde
  • Knowledge of tax
  • Updating tax events news
  • Manage input and output information of businesses and individuals through electronic invoices

Manage input and output information of businesses and individuals through electronic invoices

Category
  • What is an electronic invoice?
  • When are businesses required to apply electronic invoices?
  • Subjects applying e-invoices
  • How to register, change the registration content to use e-invoices
  • Invoices generated from cash registers with data transfer connections with tax authorities
  • Solutions for businesses and individuals
  • What EXPERTIS can do for you

Decree 123/2020/ND-CP issued by the Government on October 19, 10, stipulating the management and use of invoices when selling goods and providing services. Accordingly, businesses, shops, retailers... must use electronic invoices, invoices generated from cash registers with data connection with tax authorities.

What is an electronic invoice? #

Electronic invoice is a collection of electronic data messages about the sale of goods and provision of services, which are created, made, sent, received, stored and managed by electronic means. Instead of invoices created on paper, electronic invoices are created and stored on electronic devices.

Electronic invoices are created, made and processed on the computer system of organizations that have been granted tax codes when selling goods and services and stored on the computers of the parties in accordance with the law on electronic transactions.

Electronic vouchers include documents withholding personal income tax, receipts of taxes, fees and charges presented in electronic form, which are presented in the form of electronic data by responsible organizations or individuals. The tax withholding responsibility is granted to the taxpayer or issued by the tax, charge and fee collection organization to the payer by electronic means in accordance with the law on fees and charges and the tax law.

When are businesses required to apply electronic invoices? #

According to Article 59 Decree 123 Regarding e-invoices, agencies, organizations and individuals that meet the conditions for information technology infrastructure apply electronic invoices and documents according to the guidance in Circular 78/2021/TT-BTC before July 01, 07.

The roadmap for implementing mandatory e-invoices is divided into two phases by the Ministry of Finance:

  • Phase 1: from November 01, 11 to March 2021, 31: deploying e-invoices in 03 provinces and cities: Hanoi, Ho Chi Minh City. Ho Chi Minh City, Hai Phong, Phu Tho, Quang Ninh, Binh Dinh.
  • Phase 2: from April 01, 04 to July 2022, 07: applied nationwide.  

In addition, Article 60 of Decree 123 also stipulates that businesses and economic organizations are allowed to use paper invoices until the end of June 30, 06 for invoices announced before October 2022, 19. Businesses need to convert e-invoices without codes to e-invoices with tax authorities' codes. 

Enterprises that are using e-invoice software may continue to use it as is and issue invoices normally until the tax authority issues a notice of registration of new e-invoice usage information according to the 123-year Decree 2020 on e-invoices and Circular 78. Then, businesses need to send registration information to the tax authorities through an organization providing solutions for electronic invoices and electronic documents. 

Subjects applying e-invoices #

Subjects of application of e-invoices comply with the provisions of Article 91 of the Law on Tax Administration No. 38/2019/QH14. These subjects need to comply with the regulations on the issuance and declaration of tax obligations when the tax authorities issue e-invoices with codes. 

In addition to the business enterprises determining which type of e-invoice they are subject to, the tax authority will classify businesses and taxpayers, approve registration for the use of e-invoices with different types of e-invoices. code or no code or e-invoice with code according to each time it is generated.

Enterprises can look up their purchase/sold e-invoice documents on the e-invoice portal of the General Department of Taxation.

E-invoices with tax authority's code for each time they are generated

An e-invoice with a tax authority's code issued for each generation is a sales invoice when:

  • Business households and individuals do not meet the conditions to use e-invoices with codes but need invoices to deliver to customers.
  • Organizations that do not do business but have transactions to sell goods and provide services
  • Enterprises after dissolution or bankruptcy that have liquidation of assets need invoices to deliver to buyers
E-invoice with tax authority's code
  • Enterprises and economic organizations that trade in goods or provide services regardless of the value of goods or each sale need to apply an electronic invoice with the tax authority's code, except for cases where an electric bill is used. coded or unencrypted elements according to each generation listed above.
  • Business households or individuals with micro-enterprises shall apply the accounting and tax payment regimes according to the declaration method and the cases in which revenue can be determined when selling goods and services.
  • In addition, Decree 123 in 2020 on e-invoices also stipulates that businesses subject to high tax risks must also apply e-invoices with tax authorities' codes.
E-invoices without tax authority's code
  • Enterprises doing business in the fields of electricity, petroleum, postal services, water supply, financial institutions, insurance, healthcare, e-commerce, supermarkets, transportation and logistics.

How to register, change the registration content to use e-invoices #

Pursuant to Article 15 of Decree 123/2020/ND-CP 2020 on e-invoices: enterprises, economic organizations, other organizations, business households and individuals are not subject to cessation of use of e-invoices. In Clause 1, Article 16 of Decree 123 on e-invoices, it is necessary to register to use e-invoices through organizations providing e-invoice services. 

In addition, businesses can register to use e-invoices through the portal of the General Department of Taxation or service providers authorized by the General Department of Taxation in case of using electronic invoices of the General Department of Taxation. Tax authorities do not have to pay for the service. 

Within 01 working day from the date of receipt of registration of e-invoices from the enterprise, the tax authority shall send a notice to the enterprise of the acceptance or non-acceptance of the registration of the use of e-invoices. . 

From the time the tax authority accepts the registration of use of e-invoices under Decree 123, enterprises must stop using e-invoices that have been announced to be issued according to the old regulations, and destroy the notified paper invoices. Released but not yet used. The order of destruction of paper invoices and unused invoices shall comply with Article 27 of Decree 123 on electronic invoices.

Invoices generated from cash registers with data transfer connections with tax authorities #

From July 01, 07, regardless of stores and businesses doing business in retail, supermarkets, groceries, drugs, e-commerce, restaurants, hotels, etc., it is necessary to digitally convert and apply exports. Electronic invoices from the connected cash register transfer data to the tax authorities and must ensure:

  • Recognize printed invoices from cash registers connected to electronic data transfer with tax authorities
  • It is not mandatory for businesses and stores to have a digital signature
  • Expenses for purchasing goods and services using invoices generated from cash registers are determined as expenses with sufficient legal invoices and documents when determining tax payment obligations.

Therefore, for businesses and stores that are doing traditional business, it is necessary to convert digitally to apply modern technologies in sales management and register to use electronic invoices on cash registers.

Solutions for businesses and individuals #

  • To equip the infrastructure to ensure the conversion of e-invoices and electronic documents according to regulations.
  • Searching for service providers of receiving, transmitting and storing e-invoice data to meet requirements.
  • Send notice of use of electronic invoices to tax authorities.
  • Do a search for a solution for invoicing from the cash register with a data connection to the Tax authority.
  • Manage the names and passwords of invoice-issuing accounts issued by tax authorities.
  • Create an electronic invoice for the sale of goods and provide services and send it to the buyer, the tax authority, and the organization providing the e-invoice service and take responsibility for the legitimacy and accuracy of the invoice.
  • Transfer data of e-invoices without code to tax authorities via the portal of the General Department of Taxation.

What EXPERTIS can do for you #

For more information on applying e-invoice details, you can refer to the article Deploying the application of new e-invoices in Ho Chi Minh City. Ho Chi Minh City from November 11.

If you need to know more about the application roadmap as well as other contents related to e-invoices and e-documents, please contact our Consulting Department for advice and answers. In addition, if your business needs advice on an e-invoice solution provider, EXPERTIS can also give you an evaluation of your choice.

In addition, EXPERTIS advises on some risks arising in the process of applying e-invoices. Thereby, helping businesses avoid unnecessary troubles as well as save time handling unnecessary work.

Management Financial Accounting, Tax accounting
Useful article for you?
Share this post:
  • Facebook
  • Twitter
  • LinkedIn
  • Pinterest
Updated on March 3, 2022
Transfer pricing: Vietnamese enterprises are careful to collect tax arrearsReducing VAT from 10% to 8% in 2022 (From February 01 – Detailed application instructions)

Powered by BetterDocs

Category
  • What is an electronic invoice?
  • When are businesses required to apply electronic invoices?
  • Subjects applying e-invoices
  • How to register, change the registration content to use e-invoices
  • Invoices generated from cash registers with data transfer connections with tax authorities
  • Solutions for businesses and individuals
  • What EXPERTIS can do for you
Do you need advice?

We will advise and answer your problems, and propose solutions in detail, best suited to your needs and goals.

Connect now
Related services
  • Consulting services for associated transactions
  • Tax consulting services
  • Tax settlement service
Menu
  • Consulting services for associated transactions
  • Tax consulting services
  • Tax settlement service
  • Mon - Fri: 8:00 - 17:30
  • No. 234 3/2 Street, Ward 12, District 10, HCMC, Vietnam
  • +(84 028) 62646967 - (+84) 903 024 034
  • cskh@expertis.vn
Twitter Facebook f Whatsapp

About us

  • About Us
  • Recruitment
  • Contact Us

Services

  • Audit and assurance
  • Accounting
  • Taxes consulting
  • Payroll
  • Business & Investment

Write comment here...

  • News
  • Events
  • Resources
  • Useful ebooks
  • Tax Newsletter 2021

Subscribe now

DMCA.com Protection Status

Copyright 2021 © Expertis Audit and Consult Company

 

REGISTER QUOTE

To receive the fastest quotation, please complete correctly and complete the information below:

[contact-form-7 id = "18259 ″ title =" Subscribe to a quote "]

GET PROFILE EXPERTIS

To receive our Profile via Email, please enter the correct and complete information below:

[contact-form-7 id = "18306 ″ title =" Receive Profile "]