On September 12, 2018the 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 contains the following new remarkable items:
1. Enterprises, economic organizations and other organizations use electronic invoices with codes of tax offices when selling goods or providing services irrespective of the value of each sale of goods or provision of services.
2. Businesses in the fields of: electricity; Petroleum; post and Telecommunication; air transport, road, rail, sea, water; Clean water; credit financing; insurrance; medical; e-commerce business; supermarket business; trading and enterprises and economic organizations that have or will conduct transactions with tax authorities by electronic means, build information technology infrastructure, have accounting software systems, electronic invoicing software To make electronic invoices, to store electronic bill data in accordance with regulations and to ensure the transmission of electronic invoice data to purchasers and to the tax office, the electronic invoices shall be used. Having the code of the tax office (except for the use of electronic invoices with the tax office’s code) when selling goods or providing services, irrespective of the value of each sale of goods or provision of services.
3. Enterprises, economic organizations and other organizations in the case of high-risk tax shall use electronic invoices with codes of tax offices when selling goods or providing services irrespective of the value of each sale goods, services.
As such, Decree No. 119/2018/ND-CP contains detailed and timely regulations to overcome the situation of counterfeiting of invoices, contributing to speeding up the application of information technology, saving time and money. Charges for enterprises when carrying out tax administrative procedures.