On November 16, 2021, the Government issued Decree No. 102/2021/ND-CP amending Decrees on sanctioning of administrative violations in the field of taxes and invoices; custom; insurance business, lottery business; management and use of public property; practice thrift, fight waste; national reserve; State Treasury; independent accountant. Accordingly, this Decree has amended and supplemented many new regulations on sanctioning of administrative violations in the field of taxes and invoices, including:

1. Increase the statute of limitations for sanctioning administrative violations on invoices: It is 02 years (Previously, the statute of limitations for sanctioning administrative violations on invoices was 01 year).
2. Sanctions for acts of giving and selling goods invoices (except for the act of giving and selling unissued printed invoices and giving and selling ordered printed invoices of customers ordering printed invoices to other organizations and individuals): A fine ranging from VND 20,000,000 to VND 50,000,000 (Previously, this fine was applied to acts of giving and selling purchase invoices from tax authorities but not yet made).
3. The additional sanction for the act of “making invoices without fully stating the required contents on invoices as prescribed”: A fine ranging from VND 4,000,000 to VND 8,000,000;
4. The additional sanction for the act of “losing, burning, damaging invoices that have been made but have not yet declared tax”: The fine level is from VND 4,000,000 to VND 8,000,000;
5. Abolish the regulation on sanctioning administrative violations for the act of “losing, burning or damaging a paid invoice during use or during storage, except for the cases specified in Clauses 1, 2, 3, Article 26 of Decree No.125/2020/ND-CP dated on 19 October 10, 2020, the Government’s regulations on penalties for administrative violations of taxes and invoices are amended and supplemented by Article 1 of Decree No.102/2021/ND-CP”
6. Amendment of regulations on the case that late payment of fines is not charged: During the period of consideration and decision to reduce or exempt fines, the late payment of fines will not be charged (Previously just specified during the period of consideration and decision to exempt fines).

This Decree takes effect from January 1, 2022.