Construction and installation is one of the industries that is encouraged to apply and deploy electronic construction invoices. The following article by MISA meInvoice guides how to create construction invoices and issue electronic invoices for construction projects.
Table of Contents Hide
1. Regulations on the time of issuing construction invoices
2. How to issue the latest construction invoice
2.1. Issue construction invoices for rolling projects
2.2. Issue construction invoices for completed projects
1. Regulations on the time of issuing construction invoices
According to Circular 39/2014/TT-BTC:
“The invoice date for construction and installation is the time of acceptance and handover of the project, project items, and completed construction and installation volume, regardless of whether the
payment has been collected or not.”
– In case of multiple deliveries/handover of each item or service stage, each time the Seller must issue an invoice for the corresponding quantity and value of goods and services delivered.
– In case an enterprise does business in real estate, builds infrastructure, houses for sale, or transfers and collects money according to the project construction progress or as agreed upon in the contract, the date of collection is considered the invoice date.
Each invoice must include the full amount collected, the land price deducted from the VAT taxable revenue, the tax rate and the VAT amount.
– If the enterprise has a long-term construction israel telegram data or installation project, payment must be made according to progress or the volume of work completed.
=> Construction accountants must issue invoices for payment of delivered construction volume. VAT
invoices must clearly state pre-tax revenue and VAT.
– If the project has been completed your baseline information to them and the accountant has issued a payment invoice, when the construction value is finalized and there is an adjustment in the value of the construction volume that needs to be paid, the construction betting data ccountant must issue an adjustment invoice and voucher.
In short, advances are not invoiced but only tracked as debt 131.
The most detailed electronic invoice quote
Instructions for converting electronic invoices according to Circular 78 & Decree 123
2. How to issue the latest construction invoice
2.1. Issue construction invoices for rolling projects
What is a rolling construction project?
A rolling construction project is a project that is accepted according to the completion stage, or accepted as it is completed. Accordingly, when a stage is completed, that stage will be accepted and an invoice will be issued immediately, specifically:
At this stage, construction accountants following
Acceptance report
Minutes of confirmation of construction volume
Construction volume settlement table
c. Construction Completion Stage
Upon completion of the project, the construction accountant must summarize the previous stage and prepare a summary report including the following documents:
Minutes of acceptance when the project is completed and put into use
Minutes of confirmation of completed volume,
Construction volume settlement table.
Then the accountant issues a VAT invoice for