For the purposes of this document, in order to facilitate implementation of the Circular No. 68, the General Department of Taxation provides several instructions on electronic invoices, including:
- Information inscribed on electronic invoices;
- Cases in which it is not necessary for an invoice to include all information;
- Electronic invoice’s format;
- Application of electronic invoices;
- Cases in which high risks related to taxes on use of electronic invoices with tax authority’s codes arise;
- Use of electronic invoices with codes assigned for each issue;
- Using electronic invoices for export of goods and services;
- Cases in which use of invoices with or without tax authority’s codes is suspended;
- Using invoices with and without codes in case of errors likely to occur;
- Transmission of data on electronic invoices without codes to tax authorities;
- Dealing with emergencies that may arise in the course of using electronic invoices with tax authority's codes;...
For more details, please read the Official Dispatch No. 4178/TCT-CS dated October 15, 2019.
In her opinions on the Circular No. 68, Lawyer Nguyen Thuy Han, as an administrator of LawSoft Co.’s Law Forum, emphasizes that, in order to provide electronic invoice services, an entity needs to strictly comply with various regulatory requirements.
Firstly, as regards their personnel, they must be staffed by at least 20 technicians holding undergraduate degrees in the information technology major, including employees already acquiring hands-on experience in network administration and database administration; technicians in charge of providing 24/7 monitoring and inspection services to maintain stable operations of the electronic data exchange system and support users of electronic invoices.
Secondly, as regards their developers, they must have acquired experience in developing information technology solutions and business-to-business electronic data exchange solutions; at least 5 years' experience in the information technology sector; must show their past performance in developing and operating information technology systems for at least other 10 businesses; must have already operated and managed systems for electronic data exchanges between a business’ branches and businesses.
Thirdly, as regards financial matters, they must have received the guarantee commitment worth more than 5 billion dong from a credit institution legally licensed in Vietnam to deal with risks and compensate for any loss or damage that may arise in the course of provision of their services.
In addition, they are obliged to satisfy regulatory technical requirements.
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