This October 2018 publication on Tax and Accounting updates covers recent changes to compulsory e-invoicing in Vietnam, relaxation to requirements to register salary scales for
small enterprises, along with our regular review of recent Official Letters released by the Tax Authorities.
INTRODUCTION OF COMPULSORY E-INVOICES
On 12 September 2018, the Vietnam Government released Decree 119/2018/ND-CP (“Decree 119”) on Regulations for Electronic invoices when Selling Goods and Providing Services, setting out instructions which compel enterprises in Vietnam to move to using E-invoices by 31 October 2020, and to cease using paper VAT invoices. The Decree is effective from 1 November 2018, and applicable to all enterprises in Vietnam.
The Decree requires enterprises established from 1 November 2018 to register and use E-invoices. Enterprises that are registered for paper invoices prior to 1 November 2018 can
continue to use these up until 31 October 2020.
For further highlights regarding E-invoices on Decree 119, please refer to our Client Alert released on 16 September 2018.
EXEMPTION FROM SALARY SCALE REGISTRATION FOR ENTERPRISES THAT EMPLOY LESS THAN 10 STAFF
Decree 121/2018/ND-CP was issued on 13 September 2018 by the Vietnam Government amending and supplementing Decree 49/2013/ND-CP on the implementation of salary
regulations for labour.
A significant amendment is the exemption for enterprises which employ less than 10 staff from the registration of a salary scale and labour norms with the Labour Authorities in the district where the enterprise is located. The Decree is effective from 1 November 2018.
For more information, click Vietnam Tax Update October 2018 – Domicile
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