Shall bóng đá hôm nay trực tiếp invoice be issed when receiving advance payment from customers in Vietnam?

Shall bóng đá hôm nay trực tiếp invoice be issedwhen receiving advance payment from customers in Vietnam?

According to Article 9 ofDecree 123/2020/ND-CPregulating bóng đá hôm nay trực tiếp timing of invoice issuance as follows:

Timing of Invoice Issuance

1. bóng đá hôm nay trực tiếp timing for issuing invoices for bóng đá hôm nay trực tiếp sale of goods (including bóng đá hôm nay trực tiếp sale of state assets, confiscated assets, assets added to bóng đá hôm nay trực tiếp state budget, and sale of national reserve goods) is bóng đá hôm nay trực tiếp moment of transferring bóng đá hôm nay trực tiếp ownership or right to use bóng đá hôm nay trực tiếp goods to bóng đá hôm nay trực tiếp buyer, regardless of whether bóng đá hôm nay trực tiếp payment has been received or not.

2. For services, bóng đá hôm nay trực tiếp invoice should be issued at bóng đá hôm nay trực tiếp time of service completion, regardless of whether payment has been received. In cases where bóng đá hôm nay trực tiếp service provider collects money in advance or during bóng đá hôm nay trực tiếp provision of services, bóng đá hôm nay trực tiếp invoice shall be issued at bóng đá hôm nay trực tiếp time of collection (excluding deposits or advances to ensure bóng đá hôm nay trực tiếp execution of contracts for services such as accounting, auditing, financial consulting, tax consulting; valuation; survey, technical design; supervision consultancy; construction investment projects).

3. In cases where goods are delivered multiple times or service items are handed over in stages, each delivery or handover requires issuing an invoice for bóng đá hôm nay trực tiếp equivalent quantity and value of goods or services delivered.

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Thus, bóng đá hôm nay trực tiếp timing for issuing an invoice is when bóng đá hôm nay trực tiếp transfer of ownership or right to use bóng đá hôm nay trực tiếp goods to bóng đá hôm nay trực tiếp buyer occurs, regardless of whether payment has been received. Therefore, if only an advance payment is collected, without delivering bóng đá hôm nay trực tiếp goods, an invoice issuance is not necessary.

What are bóng đá hôm nay trực tiếp penalties for failing to issue an invoice in Vietnam?

Based on Article 24 ofDecree 125/2020/ND-CPregulating penalties for violations concerning invoice issuance in bóng đá hôm nay trực tiếp sale of goods and services as follows:

Penalties for Violations Regarding Invoice Issuance in Sale of Goods and Services

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2. A fine of between 500,000 VND to 1,500,000 VND for one of bóng đá hôm nay trực tiếp following acts:

a) failing to issue a composite invoice as per bóng đá hôm nay trực tiếp regulations on invoices for selling goods or providing services.

b) failing to issue an invoice for goods and services used for promotion, advertising, as samples; for goods and services given, gifted, exchanged or used as payment to employees, excluding those for internal circulation, internal consumption for continued production.

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5. A fine of between 10,000,000 VND to 20,000,000 VND for failing to issue an invoice for bóng đá hôm nay trực tiếp sale of goods or provision of services to bóng đá hôm nay trực tiếp buyer as required, except for bóng đá hôm nay trực tiếp act specified at point b of clause 2 of this Article.

6. Remedial actions required: Compulsory issuance of invoices for bóng đá hôm nay trực tiếp acts specified at point d of clause 4 and clause 5 of this Article at bóng đá hôm nay trực tiếp buyer's request.

Thus, bóng đá hôm nay trực tiếp failure to issue an invoice when selling goods is penalized as follows:

- If a composite invoice is not issued as per bóng đá hôm nay trực tiếp regulations on invoices for selling goods or providing services or if an invoice is not issued for goods or services used for promotion, advertising, as samples, or for those given, gifted, exchanged, or used as payment to employees (excluding internal circulation and consumption for continued production), bóng đá hôm nay trực tiếp administrative fine ranges from 500,000 VND to 1,500,000 VND.

- If an invoice is not issued when selling goods or providing services to bóng đá hôm nay trực tiếp buyer, bóng đá hôm nay trực tiếp administrative fine ranges from 10,000,000 VND to 20,000,000 VND.

Additionally, violators are subject to remedial actions requiring invoice issuance upon bóng đá hôm nay trực tiếp buyer's request.

Note:bóng đá hôm nay trực tiếp above penalty applies to organizations. If individuals violate bóng đá hôm nay trực tiếp regulations, bóng đá hôm nay trực tiếp fine is half that for organizations. For taxpayers who are households or business households, bóng đá hôm nay trực tiếp fine is similar to that for individuals.

What is bóng đá hôm nay trực tiếp use ofVAT invoices in Vietnam?

Based on clause 1 of Article 8 ofDecree 123/2020/ND-CPregulating types of invoices as follows:

Types of Invoices

Invoices as regulated in this Decree include bóng đá hôm nay trực tiếp following types:

1. Value-added tax (VAT) invoice is for organizations declaring VAT by bóng đá hôm nay trực tiếp deduction method for activities including:

a) Sale of goods and services within bóng đá hôm nay trực tiếp domestic market;

b) International transportation activities;

c) Exports to non-tariff zones and cases deemed as exports;

d) Export of goods and services abroad.

2. Sales invoice is for organizations and individuals as follows:

a) Organizations and individuals declare, calculate VAT by bóng đá hôm nay trực tiếp direct method for activities including:

- Sale of goods and services within bóng đá hôm nay trực tiếp domestic market;

- International transportation activities;

- Exports to non-tariff zones and cases deemed as exports;

- Export of goods and services abroad.

b) Organizations and individuals in non-tariff zones selling goods and services into bóng đá hôm nay trực tiếp domestic market and when selling goods and providing services among non-tariff zones, exporting goods and providing services abroad, invoices must state clearly "For organizations and individuals in non-tariff zones."

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Thus, VAT invoices are utilized for bóng đá hôm nay trực tiếp following activities:

- Sale of goods and services within bóng đá hôm nay trực tiếp domestic market;

- International transportation activities;

- Exports to non-tariff zones and cases deemed as exports;

- Export of goods and services abroad.