On September 12, the Government issued Decree No. 119/2018/ND-CP regulating electronic invoices when selling goods or providing services. This Decree takes effect on November 1, 2018.
Accordingly, Decree No. 119/2018/ND-CP regulates the cases where electronic invoices are issued free of tax code:
One is small and medium enterprises, cooperatives, households and individuals doing business in geographical areas meeting with socio-economic difficulties or exceptional difficulties.
Secondly, small and medium enterprises start their own businesses according to the provisions of law and business households and individuals transform into enterprises within 12 months after the establishment of enterprises.
Three business households and individuals that have turnover of VND3 billion or more in agriculture, forestry, fisheries, industry or construction last year and have turnover of VND10 billion in the preceding year or more in the field of trade and services within 12 months from the month of applying the electronic invoice with the code of the tax authority as prescribed.
Four other small and medium enterprises at the proposal of the People’s Committees of the provinces and centrally-run cities and the Finance Ministry’s regulations, except for enterprises operating in economic zones, industrial parks or hi-tech parks.
Five are other cases necessary to encourage the use of electronic invoices decided by the Ministry of Finance.
In addition, this Decree also stipulates that organizations providing e-invoicing services when providing e-invoicing services may collect service charges as agreed in contracts signed between service providers and parties. Services are enterprises, economic organizations, households, and individuals that do not belong to the cases used free of charge above.
It can be seen that the Decree No. 119/2018/NĐ-CP stipulates in detail and in detail the cases where the electronic invoices are issued free of tax code, which is classified as money. to provide appropriate and timely support for each type of object and at the same time contribute to improving the effectiveness of state management in their activities.