How will late preparation and delivery of invoices be penalized?

Enterprises need to submit notices or reports on invoices timely, as delayed submission will be fined pursuant to Article 29, Decree 125/2020/ND-CP of the Government, specifically:

1. Cautions shall be imposed for the act of submitting notices or reports regarding invoices from 1 to 5 days after expiry of the regulated submission time limit under mitigating circumstances.

2. Fines ranging from VND 1,000,000 to VND 3,000,000 shall be imposed for one of the following violations:

a) Submitting notices or reports regarding invoices from 1 to 10 days after expiry of the regulated submission time limit, except the case prescribed in clause 1 of this Article;

b) Issuing invoices wrongly or those whose contents are not fully consistent with those stated in lawful notices and reports regarding invoices submitted to tax authorities.

If entities or persons, by themselves, detect errors and re-issue substitute notices or reports in accordance with regulations to their supervisory tax authorities before issuance of decisions to carry out tax inspections or reviews at the violating taxpayer’s offices by tax authorities or competent authorities, they shall not be sanctioned.

3. Fines ranging from VND 2,000,000 to VND 4,000,000 shall be imposed for the act of submitting notices or reports regarding invoices to tax authorities from 11 to 20 days after expiry of the regulated submission time limit.

4. Fines ranging from VND 4,000,000 to VND 8,000,000 shall be imposed for the act of submitting notices or reports regarding invoices to tax authorities from 21 to 90 days after expiry of the regulated submission time limit.

5. Fines ranging from VND 5,000,000 to VND 15,000,000 shall be imposed for one of the following violations:

a) Submitting notices or reports regarding invoices to tax authorities at least 91 days after expiry of the regulated submission time limit;

b) Failing to submit notices and reports regarding invoices to tax authorities as legally required.

6. If any act of violation arising from the preparation and delivery of invoice-related notices or reports is regulated in Article 23 and 25 herein, regulations of this Article shall not be applied for the imposition of administrative penalties.

7. Remedies: Compelling the preparation and delivery of invoice-related notices or reports with respect to the acts specified in point b of clause 2 and point b of clause 5 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.