HA NOI (VNS) — The Ministry of Finance has recently disclosed a draft circular to guide Decree No. 51/2010/ND-CP on goods sale and service provision invoices.
Accordingly, enterprises and non-business units with tax identification numbers that are allowed to make and print invoices by themselves include: (i) lawfully established enterprises operating in industrial parks, economic zones, export processing zones and hi-tech parks; (ii) public non-business units engaged in production and business activities in accordance with law; (iii) and enterprises with a contributed charter capital of VND1 billion or more.
Businesses other than those mentioned above may issue their own invoices for goods sale and service provision on the conditions that they fully satisfy a number of requirements such as having tax identification numbers, earning turnover from goods sale or service provision, and having equipment to make and print invoices upon goods sale or service provision. Besides, they must have neither committed, nor been fined VND50 million or more for tax-related violations.
The Vietnamese version of the draft is now available at the Ministry of Finance's website www.mof.gov.vn. — VNS