Today, many businesses still vague about threshold minimum amount necessary to invoice the red lead to the undue risk. So, are you sure I already know this rule? Let's Accnet explore deeper to the question: “invoice red minimum how much money?” – a elements may seem trivial, but leave a big impact to the financial operations of the business.
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1. Invoice maker red minimum how much money?
1.1. Minimum amount to red invoice according to current regulations
As specified in Article 4 of circular no. 39/2014/TT-BTC (as amended and supplemented by Circular 119/2014/TT-BTC), business required to invoice red when providing goods and services valued from 200,000 or more. This means that every transaction has a value from 200,000 or more must be recorded by bill red. Specific:
- When the total value of a payment of a transaction (including VAT) reached from vnd200, 000 and above, the business must establish, deliver invoices to customers, regardless of whether the customer has requested or not.
- In the case of value under 200,000, if the customer invoice requests, businesses still have to invoicing red as prescribed.
2.2. Invoice maker red minimum how much money for exceptions?
According to Article 16, circular no. 39/2014/TT-BTC (be modified, supplemented by circular 119/2014/TT-BTC), specified on the invoice when a sale of goods and supply of services, there are a number of special cases which business to produce red bill even if the value of the transaction under 200,000. Specific:
- Customer invoice requests red (applicable for all transactions at retail stores or small transactions, retail, other)
- Sales transactions of goods and services for the agencies and organizations
Exact quote from Article 16, Paragraph 1, circular no. 39/2014/TT-BTC:
"The seller to invoice when selling goods and services, including the case of goods and services used for promotional, advertising, restaurant template; goods and services used to give, donation, exchange, pay salaries to employees and internal consumption (except the goods internal to continue the production process). Case the total value of payments under 200,000 each, if buyer no request, then the seller is not billed, except in cases where the buyer requires establishment and delivery invoices"
2. Why the minimum amount to invoice red so important to business?
Understand the minimum amount to invoice is important for business because of the following reasons:
- The minimum amount is determined when to invoicing red, affect the tax declaration.
- No invoice red right regulations could lead to penalties, loss of reputation
- Revenue is not recorded in full, the cost teen legitimate basis for accounting, causing discrepancies in the accounting records.
- Cause errors in the declaration of VAT, difficult to deduct input tax, leading to the risk of arrears of tax, penalty administration.
3. Guide invoice simple red below the minimum amount for small transactions
In real business, not less times business encounter situations transaction value lower than 200,000, but the client still requires bill red. In this case, the business needs to fulfill the following steps:
- Ensure that all of the information about transactions is accurately recorded, from customer information to details of goods/services provided.
- Use software electronic invoice/bill paper as specified in Decree 119/2018/ND-CP to bill, even if the transaction value is small.
- Invoice must be delivered to our customers as through email (electronic invoice), direct (paper bills - set in the correct form, stored carefully under Article 11 of circular no. 39/2014/TT-BTC).
4. Consequences when not red bill reached the minimum amount specified
As specified in Article 23 of Decree 125/2020/ND-CPbusinesses can be fined from 4,000,000 to 8,000,000 if no invoice red right rules for transactions valued from 200,000 or more. Rate this penalty may be increased depending on the severity of the violation and the number of re-offending.
In addition, the business is still the tax inspection, tax arrears, apply coercive measures of tax. Cause loss of trust of customers for business activity long-term
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Understand invoice red minimum how much money is an important part in the operation of the business. Just master these rules, you always protect the business from legal risks, dedication to customers. Hope that information Accnet share will help you feel more confident in managing bills every day.
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