On March 31, 2014 the Ministry of Finance
issued Circular 39/2014/TT-BTC guiding VAT invoices for sale of goods and
supply of services. Businesses, banks have chartered capital of VND
15 billion or more, which calculated on the factual contribution to be
self-printed VAT invoices. This capital includes other branches, subsidiaries directly
under the head office that declare and pay value added tax. Businesses and organizations using self-printed
VAT invoices prior to the effective date of the Circular and not subjects must purchase
VAT invoices from the Taxation Office are still entitled to create/self-print
VAT invoices. Circular No. 64/2013/TT-BTC dated May 15, 2013 and
the previous guidance in contrary to this Circular are abolished. The other guidance
not inconsistent with the Circular are still effective. This Circular takes effective
from June 1, 2014. For more information about the Circular, please
feel free to contact us via hanoi@pham.com.vn
Pham
& Associates