1. Principles of Invoice and Documentation
According to Article 1, Section 4, Decree 123/2020/ND-CP, when selling goods or providing services, the seller must issue an invoice to deliver to the buyer. The invoice must contain complete information as stipulated in Article 10 of this Decree. In the case of using electronic invoices, it must comply with the data requirements outlined in Article 12 of this Decree.
The seller must issue an invoice in the following cases:
- Goods and services used for promotion, advertising, and samples.
- Goods and services used for gifting, exchange, compensation, and internal consumption. Except for internally circulated goods for the continuation of the production process.
- Exporting goods in the form of lending, borrowing, or returning.
2. Regulations on the Basis of VAT Invoice Issuance for Export Activities
Point c, Section 3, Article 13 of Decree 123 states the following::
Business establishments declaring and paying VAT by the deduction method for exported goods and services shall use electronic VAT invoices when exporting goods and services. This regulation applies to both establishments engaged in processing exported goods.
When exporting goods for transportation to border gates or export clearance locations, the Warehouse Delivery Note (PXK) along with internal transportation is used as the document for circulating goods in the market. After completing the procedures, the PXK serves as the basis for issuing VAT invoices for exported goods.
3. Timing of Invoice Issuance
If a business deals with exported goods and services, electronic VAT export invoice should be issued according to the provisions in Section 2 of this article.
The timing for issuing export invoices is in accordance with Decree No. 123/2020/ND-CP, which is when all customs procedures are completed.
Harley Miller Law Firm “HMLF”
Head office: 14th floor, HM Town building, 412 Nguyen Thi Minh Khai, Ward 05, District 3, Ho Chi Minh City.
Phone number: +84 937215585
Website: hmlf.vn Email: miller@hmlf.vn
