On November 4, within the framework of the D60 Campaign, the Tax Department provided documents guiding business households to promote the use of input invoices.
According to Clause 1, Article 3 of Decree 123/2020/ND-CP dated October 19, 2020 of the Government, "Invoices are accounting documents issued by organizations and individuals selling goods and providing services to prepare and record information on selling goods and providing services. The invoice is presented in the form of an electronic invoice or invoice printed by the tax authority".
Input invoices are invoices that businesses or business households receive when purchasing goods and services from another organization/individual. Input invoices are accounting documents that can be used to prove valid input costs, as a basis for accounting for costs and deducting taxes, proving the origin of goods...
Note, in cases where businesses purchasing goods and services do not have to prepare input invoices but are allowed to establish a List of purchased goods and services according to form No. 01/TNDN (issued with Circular 78/2014/TT-BTC dated June 18, 2014 of the Ministry of Finance) but do not establish a List of payments to sellers and service providers, including:
- Buying agricultural, forestry and fishery goods from the producer, fishing directly for sale;
- Buy handmade products made from belt, sedge, bamboo, rattan, green rice, rattan, straw, coconut shells, coconut shells or materials taken from agricultural products of handmade manufacturers not directly traded for sale;
- Buying land, stone, sand, and gravel from households and individuals to directly exploit and sell;
- Buying scrap from the person directly collecting it;
- Buying assets and services of households and individuals who are not in direct business to sell;
- Buying goods and services of individuals and business households (excluding the above cases) with a revenue level below the value-added tax revenue threshold (VND 100 million/year).
The list of purchased goods and services is signed by the legal representative or authorized person of the enterprise and is responsible before the law for accuracy and honesty.
Enterprises purchasing goods and services are allowed to establish a List and are included in the deducted costs.
These costs do not require non-cash payment documents.
In case the purchase price of goods and services on the list is higher than the market price at the time of purchase, the tax authority shall, based on the market price at the time of purchase of goods and services of the same type or similar on the market, re-determin the price to rec calculate the eligible costs except when determining taxable income. (According to Point 2.4 Clause 2 Article 6 of Circular 78/2014/TT-BTC amended by Article 4 of Circular 96/2015/TT-BTC)
Form 01/TNDN will have the following basic information:
List name;
Basic information about the enterprise such as name, tax code, production address & office, address of the purchasing organization, purchasing manager;
Specific time of purchase, detailed information about sellers and input goods and services
Total value of input goods;
Time to make a statement (day/month/year), the person making the statement ( sign and clearly state the full name), the business owner stamps and signs the name.
