On October 19, 2020, the Government issued Decree 125/2020/ND-CP regulating administrative sanctions for violations of tax and invoice regulations. The Decree takes effect from December 5, 2020, including regulations that the act of giving or selling invoices can be fined up to 50 million VND.
>> Decree 125/2020/ND-CP officially issued to sanction administrative violations related to taxes and invoices
>> Converting paper invoices to electronic invoices, what do businesses get and what do they need to prepare?
>> 15 Things Businesses Need to Know Immediately About Electronic Invoices
Table of Contents Hide
1. Regulations on penalties for giving and selling invoices according to Decree 125/2020/ND-CP
Penalties for violations of regulations on invoice issuance
1. Regulations on penalties for giving and selling invoices according to Decree 125/2020/ND-CP
Decree 125 invoice penalty
Article 22 of Decree 125/2020/ND-CP stipulates penalties for giving and selling invoices as follows:
1. A fine of from VND 15,000,000 to VND 45,000,000 shall be imposed for one of the following acts:
Give away, sell unissued printed invoices
Giving away, selling printed invoices of canada telegram data customers ordering printed invoices to other organizations and individuals
2. A fine of VND 20,000,000 to VND 50,000,000 shall be imposed for giving or selling invoices
purchased from tax authorities but not yet prepared.
3. Remedial measures:
Forced cancellation wechat alliance customer development of invoices for acts specified in this Article
Forced to return illegal profits obtained from shopping data committing administrative violations in this Article
Businesses download the LATEST regulations, information, instructions, etc. on electronic invoices HERE !
>> Instructions for Creating and Issuing electronic invoices anytime, anywhere
>> Invoice adjustment records, invoice cancellation records and invoice recovery records NEWEST
2. Penalties for violations of regulations on invoice issuance
Article 24 of Decree 125/2020/ND-CP also stipulates the penalty for violations of regulations on invoicing when selling goods and services as follows:
Warning penalty for one of the following acts
Invoicing is not timely but does not result in late tax payment and has mitigating circumstances
Invoices are issued continuously from small to large numbers but in different books (using the book with the larger serial number and not using the book with the smaller serial number) and after discovering this, the organization or individual has destroyed the invoice books with the smaller serial number.
Incorrectly issued invoices according to regulations
have been delivered to the buyer or have been declared for tax, the seller and the buyer discover the incorrect invoice type and reissue the correct invoice according to regulations before the competent authority announces the decision to inspect and examine at the taxpayer’s headquarters and does .