Business

MoF proposes fines for invoice violations

The Ministry of Finance (MoF) has proposed fines of between 20 million VND (862 USD) and 50 million (2,155 USD) for the act of printing fraudulent invoices.
MoF proposes fines for invoice violations ảnh 1The Ministry of Finance is collecting comments for the draft decree on administrative violations relating to tax and invoices. (Photo: MoF)

Hanoi (VNS/VNA) - TheMinistry of Finance (MoF) has proposed fines of between 20 million VND (862 USD)and 50 million (2,155 USD) for the act of printing fraudulent invoices.

The fines would apply forprinting fake invoices and making fake electronic invoices, according to theMoF, which is collecting comments for the draft decree on administrativeviolations relating to tax and invoices.

The draft also stipulatessanctions against other violations involving invoices.

It proposed a fine of between 2million VND (86 USD) and 4 million VND for the creation and printing ofelectronic invoices that are not in accordance with the contents as prescribedby the MoF.

A fine of 4 million VND to 8million VND will apply for any use of invoices that don’t meet the MoF’srequirements, not registering electronic invoices with relevant tax officesbefore use and using electronic invoices from machines that are not connectedto tax authorities.

The draft also sets a fine ofbetween 500,000 VND and 1.5 million VND for both customers and the printers forordering invoices without contracts.

Printing invoices that aredefined “not eligible” by tax officials will face fines of 2 million VND to 4million VND.

Also, a fine of 15 million VNDto 45 million VND will be imposed for the act of giving or selling invoicesto other organisations and individuals./.
VNA
#Ministry of Finance #MoF #fines #invoice violations #printing fraudulent invoices #fake electronic invoices #Vietnam #Vietnam news #Vietnam News Agency #Vietnamplus
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