On November 16th, 2021, The Government issued Decree No. 102/2021/NĐ-CP on amendments and supplements to certain articles of the decrees on penalties for administrative violations against regulations on tax, invoice, customs, insurance business, and lottery business, thereby:
- The time limit for imposition of an invoice-related administrative penalty shall be 02 years (currently is 01 year)
- Supplements regulation to penalties for administrative violations against on issuing invoices without sufficient compulsory information as prescribed by law. In case, a fine amount from VND 4.000.000 to 8.000.000 will be applied.
- Additional regulations on penalties for administrative violations against for loss, burning or damage of issued invoices but the invoices have not been declared yet, the related parties shall make a record of such incident when an invoice is lost, burnt, or damaged. The fines ranging from VND 4.000.000 to 8.000.000 shall be imposed.
Fines ranging from VND 5,000,000 to VND 10,000,000 shall be imposed for the act of causing the loss, burning, and damage of issued invoices, or invoices already submitted for completion of tax declaration or those are in use or storage.
The above fine amounts shall be applied for violating persons, business households. If an entity commits such violations, they must be fined two times as much as the amount of penalty imposed on persons.
This Decree takes effect on January 01st 2022.
