The transition to electronic invoices is entering a rapid phase, causing many businesses to simultaneously use electronic invoices. At this time, the biggest concern of businesses is how to handle the transition to electronic invoices in a legal manner and without disrupting business operations?
MISA meInvoice will give specific instructions for businesses to transition to electronic invoices in the article below.
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1. Regulations on handling the transition from paper invoices to electronic invoices
1.1. Handling electronic invoice transition according to the provisions of Decree 119/2018/ND-CP and Circular 68/2019/TT-BTC
1.2 General Department of Taxation responds to whether or not it is possible to continue printing paper invoices
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1. Regulations on handling the transition from paper invoices to electronic invoices
1.1. Handling electronic invoice transition according to the provisions of Decree 119/2018/ND-CP and Circular 68/2019/TT-BTC
In Article 36, Decree 119/2018/ND-CP stipulates the handling of electronic invoice transition in each specific case as follows:
Units that have notified the issuance of electronic japan telegram data invoices according to Circular 32/2011/TT-BTC or have registered to apply electronic invoices according to Decision 1209/2015/QD-BTC before the effective date of Decree 119/2018/ND-CP shall continue to use the electronic invoices in use from the effective date of this Decree.
Units that have notified the issuance of paper invoices
in the form of pre-printed invoices, self-printed what competitor analysis tools do i recommend? invoices, or purchased invoices from tax authorities for use before the effective date of Decree 119 may continue to use the purchased paper line data invoices until October 31, 2020 and must continue to carry out invoice procedures according to Decree 51/2019/ND-CP and 04/2014/ND-CP.
roadmap for converting from paper invoices to electronic invoices
During the period from November 1, 2018 to October 31, 2020, if the tax authority notifies the business establishment to convert to apply electronic invoices according to Decree 119, if the business establishment does not meet the conditions on IT infrastructure but continues to use invoices in the above forms, the business establishment shall send invoice data to the tax authority according to Form No. 03 of the Appendix issued with Decree 119.
For newly established businesses from November 1, 2018 to October 31, 2020, in case the tax authority notifies the business to apply electronic invoices according to the provisions of Decree 119,
the business shall follow the instructions of the tax authority.
In case the IT infrastructure requirements are not met but invoices continue to be used according to the provisions of Decrees 51/2019/ND-CP and 04/2014/ND-CP, invoice procedures must be performed and invoice data must be sent to the tax authority.
For public service organizations (public educational institutions, public medical facilities) that have used Receipts, they will continue to use the Receipts they have used and convert to applying electronic invoices (or electronic Receipts) according to the roadmap of the Ministry of Finance.
Thus, in order for the transfer of electronic invoices of enterprises to take place legally, enterprises need to determine their current status of running out of paper invoices or about to run out of paper invoices to have a suitable plan and not interrupt production and business activities.