From April 1, enterprises qualified for self-printing VAT invoices under government’s Decree No. 51 and Tax General Department’s Circular No. 153 and No. 13 for invoicing sales of goods and services. By April 1, according to Tax General Department, 400 enterprises in Binh Duong are unable to print invoices by themselves; however, in interview with Binh Duong Newspaper, Mr. Vo Long Hai – Deputy Chief of Information Office of Binh Duong Tax Department – said that 100 enterprises fail to self print VAT invoices. The local department is, however, committed to measures ensuring the use of self-printed invoices.
In the province, only 18 printing enterprises are eligible for VAT printing. By the end of March 31, those print houses only met demands of 5,320 printing contracts out of 5,400 signed printing contracts.
Circular No. 153 ruled that enterprises having invoice printing software including those in industrial parks, high-tech zones, non-enterprises but having business activities, and those with charter capital above VND 5 billion can self print VAT invoices. Other enterprises having charter capital at the threshold of VND 5 billion but are eligible with tax registration, revenue earning, and integrated printing software without being punished at VND 50 million and more within 365 days can self print VAT invoices. Notwithstanding, Circular No. 13, which extends subjects of self-printing VAT invoices, has caused some enterprises unable to ensure self-printing of VAT invoices upon their sales of products and services.
“Provincial Tax Department is to support enterprises with free software 3-6 months (depending on conditions of software suppliers). Meanwhile, the department will set up supporting teams to receive the invoice printing software to guide enterprises how to use upon transferring the software to them. The department has also worked with printing enterprises to ensure invoice printing by April 1 for enterprises to use,” said Mr. Vo Long Hai.
As for post checking of VAT invoice self-printing activities to prevent tax cheat and evasion and buying and selling of invoices, the department will frequently investigate the printed VAT invoices by checking and inspecting tax return and tax declaration of enterprises. Illegal invoice usage will face prosecution. Mr. Hai also advised enterprises to use logos and marks to prevent fraud.
Reported by Thanh Son – Translated by Vi Bao
