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Official Gazette

Friday, April 10, 2020

MoF proposes fines for invoice violations

Updated: 17:43’ - 30/12/2019
The Ministry of Finance (MoF) has proposed fines of between VND 20 million and VND 50 million for the act of printing fraudulent invoices.

The Ministry of Finance is collecting comments for the draft decree on administrative violations relating to tax and invoices__Photo: Ministry of Finance

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 VND 2 million and VND 4 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 VND 4 million to VND 8 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 VND 500,000 and VND 1.5 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 VND 2 million to VND 4 million.

Also, a fine of VND 15 million to VND 45 million will be imposed for the act of giving or selling invoices to other organizations and individuals.- (VNS/VLLF)
 

 

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