• Decree No. 125/2020/ND-CP dated October 19th, 2020 with the Government on regulating administrative penalties for tax or invoice-related violations

    This Decree sets out regulations on administrative penalties for tax or invoice-related violations, except for administrative violations associated with charges and fees; administrative violations in connection with taxes on exported or imported goods ones collection is managed by customs authorities and violations against regulations on tax registration procedures, notification of temporary business suspension or premature business continuation conducted with business registration.

    When compared with the current regulations, the most fine levels imposed on administrative penalties for tax or invoice-related violations are not changed. Particularly, in the tax field, they are VND 200 million (for organizations) and VND 100 million (for people); within the invoice field, these are VND 100 million (for organizations) and VND 50 million (for individuals).

    However, this Decree adds newer and more effective acts regarded as “using illegal invoices” like: utilization of e-invoices that are not registered with any tax authority; utilization of e-invoices ones tax authority’s codes have not yet been granted based on regulations; usage of invoices using the invoicing date following the date where a tax authority determines the seller just isn’t doing work on the address registered which has a competent regulatory authority, etc.

    These acts are considered to become “illegally using invoices”: using invoices that won’t contain all compulsory contents as prescribed; use of invoices with discrepancies in amounts covered services or goods rendered, or discrepancies in required data fields between an invoice’s copies.

    Any administrative violation with all the underpaid tax amount, the evaded amount of taxes, the higher-than-prescribed level of tax exemption, reduction or refund which can be a minimum of VND 100 million, or valuation on services or goods rendered that’s a minimum of VND 500 million, will probably be determined being a large-scale tax-related administrative violation.

    With regard to invoice-related violation, any administrative violation involving at the very least 10 invoice numbers shall be determined as being a large-scale invoice-related administrative violation.

    This Decree shall take effect from December 5th, 2020.

    For more info about INCREASE THE LIMITATION OF PENALTY FOR ADMINISTRATIVE VIOLATIONS AND PENALTIES check this site: click for more

    Humphries Heller posted an update 3 months, 2 weeks ago

    Decree No. 125/2020/ND-CP dated October 19th, 2020 with the Government on regulating administrative penalties for tax or invoice-related violations

    This Decree sets out regulations on administrative penalties for tax or invoice-related violations, except for administrative violations associated with charges and fees; administrative violations in connection with taxes on exported or imported goods ones collection is managed by customs authorities and violations against regulations on tax registration procedures, notification of temporary business suspension or premature business continuation conducted with business registration.

    When compared with the current regulations, the most fine levels imposed on administrative penalties for tax or invoice-related violations are not changed. Particularly, in the tax field, they are VND 200 million (for organizations) and VND 100 million (for people); within the invoice field, these are VND 100 million (for organizations) and VND 50 million (for individuals).

    However, this Decree adds newer and more effective acts regarded as “using illegal invoices” like: utilization of e-invoices that are not registered with any tax authority; utilization of e-invoices ones tax authority’s codes have not yet been granted based on regulations; usage of invoices using the invoicing date following the date where a tax authority determines the seller just isn’t doing work on the address registered which has a competent regulatory authority, etc.

    These acts are considered to become “illegally using invoices”: using invoices that won’t contain all compulsory contents as prescribed; use of invoices with discrepancies in amounts covered services or goods rendered, or discrepancies in required data fields between an invoice’s copies.

    Any administrative violation with all the underpaid tax amount, the evaded amount of taxes, the higher-than-prescribed level of tax exemption, reduction or refund which can be a minimum of VND 100 million, or valuation on services or goods rendered that’s a minimum of VND 500 million, will probably be determined being a large-scale tax-related administrative violation.

    With regard to invoice-related violation, any administrative violation involving at the very least 10 invoice numbers shall be determined as being a large-scale invoice-related administrative violation.

    This Decree shall take effect from December 5th, 2020.

    For more info about INCREASE THE LIMITATION OF PENALTY FOR ADMINISTRATIVE VIOLATIONS AND PENALTIES check this site: click for more