On November 21, the Ministry of Finance said: Law on Tax Administration No. 38/2019/QH14 issued on June 13, 2019 and effective from July 1, 2020, specifically regulations on invoices and certificates. The electronic letter of this Law takes effect from July 1, 2022.
Implementing the above regulations, the tax authority has coordinated with relevant units, with the support and companionship of the people and business community, from July 1, 2022, all businesses, Organizations across the country have issued electronic invoices.
Regarding the issuance of electronic invoices for each retail sale of gasoline and electronic invoices from cash registers, the Ministry of Finance said: The Tax Industry is continuing to promote propaganda, leadership, direction, Organize the use of electronic invoices, help people and businesses clearly understand the benefits and responsibilities and effectiveness of using electronic invoices, and raise taxpayers’ awareness of compliance with tax obligations. tax law enforcement.
At the same time, strengthen coordination between local agencies, departments and branches in reviewing and handling violations against business establishments that do not promptly issue invoices to buyers when providing goods that comply with regulations. legal regulations.
In the process of developing Decree No. 123/2020/ND-CP, including the regulation on “The time to issue electronic invoices for gasoline and oil sales at retail stores to customers is the end time.” the sale of gasoline and oil according to each sale”, the Ministry of Finance (General Department of Taxation) is the lead agency and has consulted with ministries, ministerial-level agencies, and agencies under the Government. At the same time, collect opinions widely and synthesize, submit to competent authorities for appraisal, review, and approval to ensure correct order and procedures.
Notably, the Ministry of Finance said that in the document dated March 2, 2020, commenting on the Draft Decree regulating invoices and documents, the Ministry of Industry and Trade had no comments on the content of regulations on invoices and documents. Time of electronic invoice issuance for the above gasoline retail case.
In a report just sent to the Prime Minister, the Ministry of Industry and Trade said that immediately applying electronic invoice regulations and connecting with tax authorities will cause difficulties for businesses, and may even lead to supply interruptions. affects the petroleum market.
The Ministry of Industry and Trade believes that the application of electronic invoices is necessary, so businesses have an obligation to comply when trading gasoline. But in the immediate future, to reduce difficulties and costs for businesses, the Ministry proposed not to stipulate a “hard” roadmap for implementing electronic invoices in the decree on gasoline and oil.
Instead, retail stores comply with the provisions of the Tax Administration Law and guiding documents of the Ministry of Finance and tax authorities. That is, in case of a new certificate of qualified store, it will be necessary to immediately implement and comply with the provisions of the Law on Tax Administration and guiding documents.
Regulations on invoices and documents cause businesses to incur additional costsThe Vietnam Confederation of Commerce and Industry (VCCI) believes that the regulation of issuing invoices for each purchase instead of at the end of the day causes retail and service businesses to incur high costs.