Tuesday, October 27 2020


MoF proposes fines for invoice violations

Update: December, 30/2019 - 16:11


The Ministry of Finance is collecting comments for the draft decree on administrative violations relating to tax and invoices.— Photo MoF

HÀ NỘI — The Ministry of Finance (MoF) has proposed fines of between VNĐ20 million (US$876) and VNĐ50 million for the act of printing fraudulent invoices.

The fines would apply for printing fake invoices and making fake electronic invoices, according to the MoF, which is collecting comments for the draft decree on administrative violations relating to tax and invoices.

The draft also stipulates sanctions against other violations involving invoices.

It proposed a fine of between VNĐ2 million and VNĐ4 million for the creation and printing of electronic invoices that are not in accordance with the contents as prescribed by the MoF.

A fine of VNĐ4 million to VNĐ8 million will apply for any use of invoices that don’t meet the MoF’s requirements, not registering electronic invoices with relevant tax offices before use and using electronic invoices from machines that are not connected to tax authorities.

The draft also sets a fine of between VNĐ500,000 and VNĐ1.5 million for both customers and the printers for ordering invoices without contracts.

Printing invoices that are defined “not eligible” by tax officials will face fines of VNĐ2 million to VNĐ4 million.

Also, a fine of VNĐ15 million to VNĐ45 million will be imposed for the act of giving or selling invoices to other organisations and individuals. — VNS

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