Uni 14-05-2014 - Some descriptions of Circular No. 39/2014/TT-BTC about sale invoices of goods and services

Mof just issued Circular No.39/2014/TT-BTC in guidance of sale invoices of goods and services. The Circular No.39/2014/TT-BTC replaces  Circular No.64/2013/TT-BTC and effective from 01 June 2014. Some significant notes of buying (self-print) invoices in the first time and the report of using invoices for the newly-established enterprises:

1. The newly-established enterprises with the charter capital less than 15 billion VND to perform the acquisition of fixed assets, machineries, equipment in amount of more than 1,5 billion VND and meeting the conditions such as non-penalty of tax law, having revenue of goods and services will be allowed to self-print the invoices.
2. Enterprises are the entities that use order-print invoices, before order-printing the invoices in the first time must submit the proposal of using order-print invoices to tax authority.
3. Enterprises paying VAT under direct method with ratio (%) multiplying revenue, enterprises involving in tax risk, enterprises having behaviors of invoice violation about administration violation for tax evasion, fraud will be the entities that must buy invoices from tax authority  Enterprises that buy invoices in the first time from tax authority must commit address of business, production matching to Enterprise Registration Certificate or Investment Certificate.

The newly-established enterprises submit monthly report of using invoices within 12 months as from the establishment date. When running out of this time, tax authority considers and informs whether enterprises are allowed to submit quarterly report of using invoices. If there is no notification of tax authority, enterprises continue to monthly report of using invoices.