On October 19th, 2020, the Government issued Decree 123/2020/ND-CP regulating invoices and vouchers with remarkable contents, particularly enterprises, organizations, household and individual businesses can use paper invoices until the end of June 30th, 2022.

 Accordingly, Decree 123/2020/ND-CP abolishes the compulsory use of e-invoices from the 1st of November, 2020 in Decree 119/2018/ND-CP and allows continued use of paper invoices as follows:

“Enterprises, economic organizations have announced the issuance of order-printed invoices, self-printed invoices, electronic invoices without the code of the Tax Agency or have registered to use electronic invoices with the Tax Agency's code, purchased invoices from Tax Agency before the date this Decree is enacted, are allowed to continue using existing invoices from the date this Decree is issued until June 30th, 2022 and the procedures for invoices according to the provisions of the Decree No. 51/2010 / ND-CP dated May 14, 2010 and No. 04/2014 / ND-CP dated January 17, 2014"

The application of invoices for new businesses established from October 19, 2020 to June 30, 2022 is also specified as follows:

“For new business which is established between October 19th, 2020 and June 30th, 2022, in case the Tax Agency notifies the business to apply e-invoices as prescribed in the Decree No. 123/2020/ND-CP, the business shall comply with the guidance of the Tax Agency.

In case the information technology infrastructure is not yet completed but continue to use invoices according to the provisions of Decree 51/2010/ND-CP dated May 14th, 2010 and 04/2014 / ND-CP dated January 17th, 2014, the business shall send the invoice data to the Tax Agency according to Form No. 03/DL-HDĐT of Appendix IA issued together with Decree 123/2020 with the submission of the value tax declaration. The tax Agency builds invoice data of business units to put into the invoice database and publish it on the Web portal of General Department of Taxation to serve the invoice data search.”

Decree 123/2020/ND-CP takes effect from the 1^st of July, 2022.

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