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CONTINUE TO REDUCE BY 2% VAT UNTIL THE END OF JUNE 2024
Kojinyoung January 25, 2024 61
On November 29, the National Assembly agreed to reduce by 2% VAT from January 1, 2024 to June 30, 2024. 1. TYPES OF GOODS AND SERVICES THAT ARE ELIGIBLE FOR VAT REDUCTION AND NON-REDUCTION Based on Clause 1, Article 1 of Decree 94/2023/ND-CP, the 2%...
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ANNOUNCEMENT ON CHANGING REFERENCE NUMBER OF AN E-INVOICE IN 2024
Kojinyoung December 27, 2023 115
AMnote would like to respectfully announce: From January 1, 2024, e-invoice software system AM-Einvoice will automatically update and change the reference number of e-invoice for New year(’2024) based on regulations (Clause 1b, Article 4, Circular 78 /2021/TT-BTC). Specifically: Two characters in the number should be...
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REGULATIONS ON E-INVOICE FORMAT ACCORDING TO DECREE 123/2020/ND-CP
Kojinyoung December 19, 2023 71
1. WHAT IS E-INVOICE FORMAT? Based on Clause 1, Article 12, Decree 123/2020/ND-CP, The e-invoice format is the technical standards for type of data, length of data of information fields serving transmission, storage and display of e-invoices. E-invoices shall be XML documents (eXtensible Markup Language),...
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THINGS NEED TO NOTICE WHEN USING E-INVOICES GENERATED FROM POS CASH REGISTER
Kojinyoung November 29, 2023 72
1.CONDITIONS TO APPLY E-INVOICES GENERATED FROM POS CASH REGISTER Based on guidance in Section 3 of Official Letter 15461/CTTPHCM-TTHT in 2022, the conditions for applying e-invoices generated from POS cash registers include: Being able to transact with the tax authority by electronic means (such as...
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HANDLING OF ERRONEOUS E-INVOICES ACCORDING TO OFFICIAL DISPATCH 1647/TCT-CS 2023
Kojinyoung October 24, 2023 193
1. REGARDING HANDLING OF ISSUED ERRONEOUS E-INVOICES Official Dispatch No. 1647/TCT-CS dated May 10, 2023 on handling of erroneous e-invoices has instructions as follows: “Based on the provisions in Point b, Clause 2, Article 19 of Decree No. 123/2020/ND-CP and Points c and e, Clause...
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REGULATIONS ON THE TIME OF ISSUING AND SIGNING E-INVOICES IN 2023
Kojinyoung September 19, 2023 240
I. REGULATIONS ON THE TIME OF ISSUING INVOICE BY TYPE OF BUSINESS Sale of goods: Based on Clause 1, Article 9 of Decree No. 123/2020/ND-CP, Invoices for sale of goods (including the sale of state-owned property, property confiscated and put into state fund, and the...
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THINGS TO KNOW ABOUT CONVERTING ELECTRONIC INVOICES INTO PAPER INVOICES
Kojinyoung August 23, 2023 185
WHAT IS A CONVERTED INVOICE? Invoices converted from electronic invoices (e-invoices) are paper invoices , which is printed out from e-invoices, ensuring complete matching of e-invoices’ information. After converted invoice is printed from an issued e-invoice, the enterprise could not add, remove or change information...
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REDUCED VAT TO 8% FROM JULY 1ST, 2023
Kojinyoung July 14, 2023 216
Types of goods and services that are eligible for VAT reduction and non-reduction to 8% from July 1st , 2023 based on legal regulations Business establishments that pay VAT using the credit-invoice method shall pay 8% VAT for the following goods and services: (1) Telecommunication,...
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AM-POS – SOLUTION FOR E-INVOICES GENERATED FROM CASH REGISTER (POS)
Kojinyoung June 6, 2023 191
Based on the Law on Tax Administration, Decree 123/2020/ND-CP, Circular 78/2021/TT-BTC, Decision No. 1391/QD-TCT, Official Letter No. 406/TCT-DNNCN, Official Letter 15461/ CTTPHCM-TTHT on deploying the use of E-invoice with authentication code of Tax Authorities which are generated from the cash register (POS). We have launched...
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HANOI, HAI PHONG, HO CHI MINH CITY PILOT IMPLEMENTATION OF E-INVOICES GENERATED FROM POS CASH REGISTERS
Kojinyoung April 10, 2023 223
Hanoi, Hai Phong, and Ho Chi Minh City are the three selected localities to pilot the issuance of e-invoices generated from POS cash registers. Although e-invoices have been implemented nationwide, they aren’t frequently used in direct-to-consumer industries including restaurants, hotels, supermarkets, entertainment services, and gold...
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