New regulations on e-invoicing
The Ministry of Finance issued Circular No. 68/2019/TT-BTC guiding the implementation of Decree 119/2018/ND-CP on e-invoicing, which comes into effect from 14 November, 2019 to October 31, 2020.
Under the Circular, enterprises, economic organizations, business households shall have to registered application of e-invoicing since November 1, 2020.
Electronic tax transactions
Circular No. 66/2019/TT-BTC amending the Circular No. 110/2015/TT-BTC providing instructions on electronic tax transactions comes into effect from November 5.
Under the Circular, if the tax type, sample tax return, tax assessment period, tax declaration period or From/To date for tax return submission on the web portal of the General Department of Taxation is incorrect or has changed, the following steps must be followed:
The taxpayer may sign in their account to access the web portal of the General Department of Taxation or the T-VAN service provider and make any authorized change.
The tax authority verifies and updates information on the taxpayer’s responsibility for tax return submission.
The tax authority will also send the confirmation feedback to the taxpayer via the web portal of the General Department of Taxation or via the T-VAN service provider within 02 working days from the date on which such change is made (unlike 05 working days prescribed in existing regulations).
Source: VGP News