ORDERING OF INVOICE PRINTING WITHOUT SIGNING CONTRACTS SHALL BE FINED TO VND 1.5 MILLION
In accordance with the Decree No. 49/2016/ND-CP dated May 27, 2016 of the Government on amending and supplementing a number of articles of the Government’s Decree No. 109/2013/ND-CP dated September 24, 2013 on penalties for administrative violations against regulations on management of prices, fees, charges and invoices, from August 01, 2016, ordering of invoice printing without signing contracts shall be fined from VND 500,000 to VND 1.5 million instead of previous regulations that the fine from VND 2 million to 4 million.
Also from August 01, 2016, a fine of from VND 2 million to VND 4 million shall be imposed for ordering of invoice printing although the tax agency has informed in writing that the entity/enterprise is unqualified to make order of invoice printing, except for the cases where the tax agency does not give a written notice upon the receipt of the application for use of printed invoices submitted by relevant entity/enterprise.
Besides, the Decree also supplements the fine for losing, giving or selling receipts of fees and charges. In particular, with regard to the loss of a receipt of fees/charges with the face value printed, the maximum fine shall be equal to the face value printed in such receipt of fees/chares. The minimum fine imposed for the loss of receipts of fees/charges with the face value printed shall be VND 50,000.
In particular, from August 01, 2016, individual fails to give a written notice of increased or decreased prices to competent state agencies in cases where the notice of prices must be performed as regulated by the pricing law, apply the declared or registered prices with the period as regulated by the pricing law from the date on which the price registration or declaration is carried out at the competent state agencies shall have fine of from VND 3, million to VND 5 million. Individual fails to submit the price declaration form within the regulated period specified in the written request of competent state agency; carry out the declaration of price decreases in conformity with the decrease of prices of price forming elements at the written request of competent state agency shall have fine of from VND 5 million to VND 10 million.
Failure to carry out the price registration with competent state agencies shall be fined from VND 10 million to VND 30 million depending on price declaration and registration failed in price registration. Within that, the highest fine of from VND 25million to VND 30 million shall be imposed for failure to register prices of 21 items of goods or services for which the prices must be registered as regulated, or above, if this violation is committed or repeated in multiple times.
The Decree takes effect on August 01, 2016.
