TO FINE UP TO VND 20 MILLION FOR THE ACT OF TRANSMITTING E-INVOICE DATA BEYOND THE PRESCRIBED PERIOD
The Government promulgates the Decree No. 125/2020/ND-CP on sanctioning of administrative violations related to taxes and invoices on October 19, 2020.
To be specific: A fine from VND 02 – 05 million shall be imposed for the act of transmitting e-invoice data to the tax agency beyond the prescribed period from 01 working day to 05 working days. A fine from VND 10 – 20 million shall be imposed for the act of transmitting e-invoice data to the tax agency beyond the prescribed period for 11 working days or more, or failing to transmit e-invoice data to the tax agency within the time limit as specified.
Additionally, a fine equal to the evaded tax amount shall be imposed on the taxpayer that has one or more extenuating circumstance(s) when committing any of the following acts of violation: Failing to submit the tax registration dossier; failing to submit the tax declaration dossier or submitting the tax declaration dossier past 90 days, after the expiration of the time limit or extended time limit for submission of tax declaration dossiers; Using unlawful invoices; unlawfully using invoices for making the tax declaration that leads to a decrease in the payable tax amount, or an increase in the exemptible, reducible or refundable tax amount, etc.
The acts of notifying changes in tax registration contents beyond the prescribed period for 91 days or more, resulting in changes of the tax registration certificate or the notice of tax identification number or failing to notify changes in information in the tax registration dossier shall be fined from VND 05 – 07 million.
This Decree takes effect on December 05, 2020.
