What is the time limit for transfer of e-invoice data and penalties for violations?

E-invoices are becoming popular among businesses, requiring enterprises to update, learn and understand about the prototype and related regulations to avoid sanctions. Pursuant to Article 30, Decree 125/2020/ND-CP, violations against regulations on the transfer of e-invoice data will be penalized as follows:

1. Fines ranging from VND 2,000,000 to VND 5,000,000 shall be imposed for the act of transferring e-invoice data to tax authorities from 01 to 05 working days after expiry of the regulated time limit.

2. Fines ranging from VND 5,000,000 to VND 8,000,000 shall be imposed for one of the following violations:

a) Transferring electronic invoice data to tax authorities from 06 to 10 working days after expiry of the regulated time limit;

b) Transferring general charts of electronic invoice data containing the inadequate number of invoices issued within invoicing periods.

3. Fines ranging from VND 10,000,000 to VND 20,000,000 shall be imposed for one of the following violations:

a) Transferring electronic invoice data to tax authorities at least 11 working days after expiry of the regulated time limit;

b) Failing to transfer electronic invoice data to tax authorities within the regulated time limit.

4. Remedies: Compelling the transfer of e-invoice data to tax authorities with respect to the acts specified in point b of clause 2, and point b of clause 3 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.