On 30 September 2019, the Ministry of Finance issued Circular No. 68\/2019\/TT-BTC guiding the implementation of the Decree No. 119\/2018\/ND-CP dated 12 September 2018 on electronic invoices (e-invoices) when selling goods and providing services.<\/p>\n\n\n\n
Notable points of this Circular are as below:<\/p>\n\n\n\n
1. Timing of application of e-invoices:<\/strong><\/p>\n\n\n\n From 1 November 2020, enterprises, economic organizations, households and personal businesses must apply e-invoices in accordance with this circular (clause 3 and 4 of Article 26);<\/p>\n\n\n\n 2. Contents of e-invoices:<\/strong><\/p>\n\n\n\n + Circular 68 has changes on serial number, form of e-invoices (clause 1 of Article 3);<\/p>\n\n\n\n + Guidance regarding the timing for issuance of e-invoices is clearer than Decree 119 (item 3 clause 1 of Article 3);<\/p>\n\n\n\n + This is now clarified that the buyer\u2019s signature is not compulsory with respect to certain specific cases (clause 3 of Article 3);<\/p>\n\n\n\n 3. Format of e-invoices:<\/strong><\/p>\n\n\n\n Format of e-invoices consists of two components: data for the e-invoice and data for the digital signature. For e-invoices with verification codes, data for the verification codes must be included in the format as well (Article 5).<\/p>\n\n\n\n 4. Qualified e-invoice service providers:<\/strong><\/p>\n\n\n\n This circular sets out some technical, human resource, financial and operational criteria which an e-invoice service provider needs to satisfy (Article 23).<\/p>\n\n\n\n 5. Transition period<\/strong><\/p>\n\n\n\n From 1\/11\/2018 to 31\/10\/2020, the current invoicing regulations still apply and enterprises can continue invoicing thereunder until receipt of a notification from the tax authorities requesting them to follow Decree 119 and this Circular (clause 2 Article 27).<\/p>\n\n\n\n When applying e-invoices, in case the issued invoices under Decree 51\/2010 contain errors, the seller and the buyer shall prepare a minute specifying the errors, the seller shall send a notice to the tax authority under Form 04 in the Appendix of Decree 119 and shall issue new e-invoices in replacement of the incorrect invoices (clause 3 Article 27).<\/p>\n","protected":false},"excerpt":{"rendered":" On 30 September 2019, the Ministry of Finance issued Circular No. 68\/2019\/TT-BTC guiding the implementation of the Decree No. 119\/2018\/ND-CP dated 12 September 2018 on electronic invoices (e-invoices) when selling goods and providing services. Notable points of this Circular are as below: 1. Timing of application of e-invoices: From 1 November 2020, enterprises, economic organizations, […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[43],"tags":[],"class_list":["post-1695","post","type-post","status-publish","format-standard","hentry","category-news"],"yoast_head":"\n