How will entities printing invoices be penalized if violating against regulations?

Entities providing invoice-printing services need to consider these following violations’ penalties pursuant to Article 21, Decree 125/2020/ND-CP of the Government:

1. Cautions shall be given as a form of penalty imposed for the following violations:

a) Reporting on the acceptance of the supply of invoice printing service from 1 to 5 days after expiry of the regulated time limit;

b) Reporting on the acceptance of the supply of invoice printing service from 6 to 10 days after expiry of the regulated time limit under any mitigating circumstances.

2. Fines ranging from VND 500,000 to VND 1,500,000 shall be imposed for the act of printing externally ordered invoices without signing any written printing service contract.

3. Fines ranging from VND 2,000,000 to VND 4,000,000 shall be imposed for the act of reporting on the printing of invoices for at least 6 days after the regulated reporting deadline, except the case prescribed in point b of clause 1 of this Article.

4. Fines ranging from VND 4,000,000 to VND 8,000,000 shall be imposed for the act of failing to cancel damaged or redundant printouts upon termination of printing contracts.

5. Fines ranging from VND 6,000,000 to VND 18,000,000 shall be imposed for one of the following violations:

a) Rendering the service of the printing of externally ordered invoices despite failing to meet the prescribed eligibility requirements for printing of invoices;

b) Failing to report on the loss of invoices occurring before delivery to clients.

6. Fines ranging from VND 10,000,000 to VND 20,000,000 shall be imposed for the act of transferring the entire printing process or any stage in the printing process to other printing establishments.

7. Fines ranging from VND 20,000,000 to VND 50,000,000 shall be imposed for the act of printing invoices by using sample invoices already released by other entities or persons, or the act of ordering of the service of printing invoices if printed invoices share the same numbers as those having the same invoice symbol.

8. Other supplementary penalties: Suspending the printing service for the period from 01 month to 03 months from the effective date of penalty decisions with respect to the acts prescribed in clause 7 of this Article.

9. Remedies: Compelling the cancellation of printouts or invoices with respect to the acts specified in clause 4 and 7 of this Article.

As an established company in the field of tax and legal consulting, Vinasc hopes to adequately inform our customers to help them mitigate the risk during operation in Vietnam. Should there be any further concern, please contact Vinasc’s Customer Care department for timely support.