The Ministry of Finance proposed to amend Decree 123 related to ways to prevent electronic invoice fraud

To prevent fraud and increase accuracy in the registration and use of electronic invoices, the Ministry of Finance proposes to amend Decree 123. Through this proposal, the Ministry of Finance believes it is necessary to verify identity. of the representative of the enterprise according to the provisions of law in the VneID system. At the same time, they also proposed 5 more cases where electronic invoices should not be used.

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Many "ghost" businesses issue false invoices

The Ministry of Finance is in the process of developing a draft Decree to amend and supplement a number of articles in Decree No. 123/2020/ND-CP, issued on October 19, 2020, on regulations on invoices. and documents (Decree No. 123). This process is accompanied by gathering comments from affected parties, and it is expected that the completed document will have an impact on all businesses.

In a submission to the Prime Minister, the Ministry of Finance proposed additional regulations related to solutions to prevent and limit fraud when businesses register to use electronic invoices. At the same time, in the process of using electronic invoices and regulations on the responsibilities of organizations providing electronic invoice services.

Article 15 of Decree No. 123/2020/ND-CP clearly stipulates the registration to use electronic invoices. Accordingly, subjects including businesses, economic organizations, other organizations, business households and individuals who are not subject to stopping using invoices as prescribed in Clause 1 of Article 16 of this Decree must all Register to use electronic invoices through an organization providing electronic invoice services. This ensures accuracy and tracking in the use of electronic invoices in business and tax transactions.

Bộ Tài chính đề xuất sửa Nghị định 123 liên quan đến cách thức để chặn đứng gian lận hoá đơn điện tử
The Ministry of Finance proposed to amend Decree 123 related to ways to prevent electronic invoice fraud

According to the assessment of the Ministry of Finance, in the recent application of electronic invoices, a number of problems have arisen, including cases where some subjects only focus on registering to establish businesses. easily and without carrying out actual production or business activities. Instead, they only use a brand name or legal entity to register to use electronic invoices online and then commit fraudulent acts such as short-selling electronic invoices.

The Ministry of Finance has proposed adding Article 15 of the regulations to prevent fraud during the registration and use of electronic invoices. According to this proposal, the tax authority will determine the identity of the legal representative of the enterprise based on the national population database when the taxpayer registers to use the invoice for the first time or when there is a change in information on an electronic invoice.

Specifically, during the process of registering to use electronic invoices, the system of the General Department of Taxation will automatically compare personal information of the legal representative with the Electronic Identification and Authentication System (VneID). ), except in cases where the legal representative is a foreigner.

>> See more: Issuing electronic invoices: Businesses face many problems - 2023

The Ministry of Finance proposed to amend Decree 123: Adding 5 cases of stopping the use of electronic invoices

In the entire draft, the Ministry of Finance also proposed to amend and supplement regulations on cases of stopping the use of electronic invoices in Article 16 of Decree No. 123/2020/ND-CP. Currently, current regulations list 7 cases of stopping the use of electronic invoices.

To prevent fraud during the use of electronic invoices, as well as from practice, the Ministry of Finance proposes to add 5 additional cases of stopping the use of electronic invoices:

  • The first, In case the authorities detect and notify the tax authority of signs that an enterprise is established to illegally purchase, sell, or use electronic invoices or illegally use electronic invoices.
  • Monday, Taxpayers are subject to key tax supervision and are on the list determined by the tax authority after the tax authority applies supervision measures according to the law on tax administration.

The taxpayer shows other unusual signs according to the tax authority's tax risk assessment criteria.

  • Tuesday, In cases where tax authorities transfer business records, economic organizations, other organizations, business households or individuals to the police according to crime reports.
  • Wednesday, Business households pay taxes using the declaration method, converting to the presumptive method or paying tax each time it arises.
  • Thursday, Taxpayers have a written request to temporarily stop using electronic invoices.
Bổ sung 5 trường hợp ngừng sử dụng hóa đơn điện tử
Additional 5 cases of stopping using electronic invoices

After completion, there will be 12 cases of stopping using electronic invoices. 

In this draft, the Ministry of Finance proposes to amend and supplement many regulations related to electronic invoices. Amendments and additions include:

  • Electronic invoices are created from cash registers capable of connecting and transferring data to tax authorities.
  • Regulations on lucky invoice program.
  • Documents recording transactions in casino business, electronic games with prizes, and entertainment with betting.
  • Changes related to invoices, including regulations on application, time of preparation, content and lookup of invoice information.
  • Regulations on receipts, related documents and responsibilities of parties participating in this process.

These adjustments will improve and specify rules related to electronic invoices and corresponding financial transactions.

Introducing the solution of automatically processing input invoices and automatic smart 3-way comparison

Currently, many businesses have converted from using paper invoices to electronic invoices, following the regulations of Decree 123/2020/ND-CP and Circular 78/2021/TT-BTC. Recognizing the necessity of accounting work in daily processing, Bizzi has developed a solution to automate information related to input invoices and perform intelligent 3-way reconciliation. This solution is equipped with many features and utilities to help solve problems related to electronic invoice management effectively.

Giải pháp Tự động xử lý hóa đơn đầu vào và tự động đối chiếu 3 chiều thông minh
Solution: Automatically process input invoices and automatically do intelligent 3-way reconciliation

Automatically process input invoices

  • Receive invoices from NCC and automatically analyze and process invoices to ensure accuracy and validity.
  • Supports automatic approval and warning of incorrect invoices to NCC when there are invalid invoices via email.
  • Check invoice information and seller activity status to ensure the validity and legality of the invoice.
  • Synchronize invoices with the system of the General Department of Taxation and third party invoice issuers such as Electricity, Water, Transportation,...
  • Automatically extract invoice data according to standard Excel file formats for each type of accounting software.
  • All invoices are stored and managed centrally on a system that supports easy searching.

Automatic intelligent 3-dimensional comparison

  • Smart 3-way comparison between invoices - orders - warehouse receipts with more accuracy than 99%.
  • Handle all reconciliation cases on the system: 1PO – 1INV – 1GR; 1PO – nINV – nGR; nPO – 1INV – nGR; nPO – nINV – nGR
  • Detect deviations quickly and improve data accuracy.
  • Automatically confirm 3-way comparison of each product line accurately and push information through the customer's ERP system.
  • Automatically get PO number from invoice/email from supplier/invoice file.
  • Support creating invoices and comparing goods for farmers from templates.
  • Automatically convert units of goods and manage goods intelligently.

Above is the latest news related to the Ministry of Finance's proposal to amend Decree 123 regarding ways to stop electronic invoice fraud in Decree 123. Hopefully the above information will help you. /older sister. Bizzi hopes that accountants in businesses will be provided with full information about the latest regulations from the Government and the Ministry of Finance to help them avoid difficulties during their work. .

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