On January 18, 2023, Hanoi Tax Department issued Official Letter 2619/CTHN-TTHT, according to which:
When the company signs a construction and installation contract, the time of making an invoice is the time of acceptance and handover of the work, work items, completed construction, and installation volume, regardless of whether money has been collected or not received the money.
If the Company issues VAT invoices after December 31, 2022, the VAT reduction policy as prescribed in Article 3 of the Government’s Decree No. 15/2022/ND-CP dated January 28, 2022. In case the Company issues invoices when selling goods and services at the wrong time as prescribed by law, penalties for violations of regulations on invoicing when selling goods and services will be applied as specified in Clause 1 of this Article. Article 24 Decree No. 125/2020/ND-CP dated October 19, 2020 of the Government.
