According to Article 10 of Circular No. 10/2014/TT-BTC dated January 17, 2014, issued by the Ministry of Finance, from March 2, 2014, the penalties for failure to prepare or late submission of invoice issuance notices are as follows.
1. Fines ranging from 2.000.000 to 4.000.000 VND.
a. The issuance notice was incomplete; the tax authority had already notified the business to make corrections, but the business did not make the corrections and issued invoices to customers.
- If there are mitigating circumstances, the minimum fine is 2.000.000 VND.
b. Failure to post the Invoice Issuance Notice.
- If there are mitigating circumstances, the minimum fine is 2.000.000 VND.
2. A fine of 6.000.000 VND.
Regarding the failure to issue a Notice of Invoice Issuance before the invoices are put into use, if these invoices are related to economic transactions that have been declared and taxed.
3. Fines ranging from 6.000.000 to 18.000.000 VND.
- Regarding the failure to issue a Notice of Invoice Issuance before the invoices are put into use, this applies if these invoices relate to economic transactions that have occurred but are not yet due for tax declaration.
- The seller must commit to declaring and paying taxes on the invoices issued in this case.
–> If a Notice of Invoice Issuance is not issued before invoices are put into use, and these invoices are not related to any economic transaction or are not declared and taxed, then those invoices are illegal (Fine ranging from 20.000.000 to 50.000.000 VND).
