Legal basis:

• Decree 123/2020/ND-CP

1. Value-added invoice

Value-added invoice is an invoice for organizations declaring value-added tax using the deduction method for the following activities:

• Selling goods and providing services domestically;
• International transport activities;
• Export to non-tariff zones and cases considered as exports;
• Exporting goods and providing services abroad.

Value-added invoices are used for transactions of buying and selling goods and services subject to value-added tax. Can be an electronic invoice or paper invoice.

• Paper invoices: Is an invoice printed on paper and can be issued in each book.
• Electronic invoice: Issued via an electronic system, minimizing the need to print and store paper invoices.

2. Sales invoice

Is an invoice for organizations and individuals as follows:

• Organizations and individuals declare and calculate value added tax using the direct method used for the following activities:

• Selling goods and providing services domestically;
• International transport activities;
• Export to non-tariff zones and cases considered as exports;
• Exporting goods and providing services abroad.

• Organizations and individuals in the non-tariff zone when selling goods and providing services to the domestic market and when selling goods and providing services between organizations and individuals in the non-tariff zone and exporting goods. goods, providing services abroad, The invoice clearly states “For organizations and individuals in the non-tariff zone”.

Sales invoices are used to prove transactions of selling goods and services but without Value Added Tax or transactions that do not require Value Added. This type of invoice is often used for small businesses and individual businesses.

3. Electronic invoice for sale of public assets

Electronic invoice for sale of public assets is a type of invoice used when state agencies, organizations, or public service units sell public assets (such as land, houses, vehicles, equipment, etc.) to organizations and individuals. outside the state. The sale of public assets is often carried out through auction or in other forms, and when this transaction occurs, it is necessary to issue invoices to prove the transaction value. Used when selling the following assets:

• Public assets at agencies, organizations, and units (including state-owned housing);
• Infrastructure assets;
• Public assets are assigned by the State to enterprises to manage, regardless of the state capital component in the enterprise;
• Assets of projects using state capital;
• The property’s ownership is established by the entire people;
• Public assets are confiscated according to decisions of competent agencies and persons;
• Supplies and materials recovered from the disposal of public assets.

4. Electronic invoice for national reserve sales 

Electronic invoice for national reserve sales is a type of invoice used when state agencies or state asset management units sell national reserve items to organizations and individuals. These items can be food, supplies, equipment or other assets that the State reserves to protect security, the economy or respond to emergency situations. Used when agencies and units of the state reserve agency system sell national reserve goods according to the provisions of law.

Characteristics of electronic invoices for national reserve sales:

1. Issued electronically: This invoice is issued electronically through the tax authority’s electronic invoice system, making it easier to manage and track national reserve sales transactions. easier and more transparent.
2. Proving national reserve sales transactions: When there is a sale transaction, the competent authority will issue an electronic invoice to confirm the sale of goods on the national reserve list, such as food, food, equipment, medical supplies… for necessary subjects or organizations.
3. Compliance with legal regulations: The sale of national reserve goods must comply with the State’s auction, distribution and sales regulations. Electronic invoices in this case must comply with financial, tax regulations and related procedures.
4. Information in the invoice: The electronic invoice will have full information about the items sold, transaction value, taxes (if any), information of the buyer and seller, and other legal information. . Issuing electronic invoices also helps reduce paperwork, increase accuracy and transparency in transactions.
5. Use in specific transactions: This electronic invoice only applies to transactions selling items belonging to the national reserve, as determined by competent State agencies such as the Ministry of Finance, other national reserve agency…

5. Other types of invoices

– Stamps, tickets, cards have the form and content specified in this Decree;

– Air freight receipt; International transport fee collection documents; Bank service fee collection documents, except for the case specified in Point a of this Clause, have form and content prepared according to international practice and relevant legal provisions.

– Documents are printed, issued, used and managed like invoices, including warehouse delivery notes cum internal transportation notes, warehouse release notes sent to agents for sale.

6. About Us, Hankuk Law Firm

■ Hankuk Law Firm – Introduction

The goal of the legal services provided by HANKUK LAW FIRM is to support businesses, investors, and people. Our organization employs skilled Korean lawyers, partners, and professionals to provide legal services to businesses related to corporations and litigation.

To support the startup process, our lawyers and staff provide a wide range of services, including business law consulting, tax and immigration law consulting, real estate services, business consulting, marketing and communications, human resources, product distribution, franchise options, etc. We provide expert advice on every aspect of your business needs.

To protect the legitimate rights and interests of our clients and achieve the best results, we provide legal advice and participate in civil lawsuits related to business, labor, marriage, family, and inheritance.

■ Contact us now

For reliable and effective legal advice, please contact HANKUK LAW FIRM now. We are committed to providing you with the best possible answers and our team of experienced lawyers has extensive knowledge in many legal fields. We are always here to provide the most competent and dedicated support, whether you are dealing with contractual issues, commercial disputes or need guidance on foreign investment. HANKUK LAW FIRM is honored to have assisted hundreds of domestic and international clients in skillfully resolving complex legal issues as their trusted legal partner. Do not let legal issues hinder your success. Let us accompany you towards legal achievement and comfort. For prompt guidance and support to ensure your rights are always maintained at the highest standards, contact HANKUK LAW FIRM now.

■ Contact Hankuk Law Firm:

Website: http://hankuklawfirm.com/en/  FB: https://www.facebook.com/hankuk.lawfirm  Tiktok: https://www.tiktok.com/@hankuklawfirm Youtube: https://www.youtube.com/@hankuklawfirm6375 Email:  info@hankuklawfirm.com   SĐT: 0942.339.063