Vietnam’s Circular 3134 CT-TTHT: E-Invoicing for Import-Export

Circular 3134 CT-TTHT outlines e-invoicing policies for import-export activities in Vietnam. This guide details the key points of Circular 3134/TCHQ-GNHQ, providing instructions on e-invoice implementation and compliance for businesses.

Key Points of Circular 3134 CT-TTHT

Circular 3134/TCHQ-GNHQ guides the use of e-invoices in import-export activities, replacing traditional paper invoices. Adopting e-invoicing offers numerous benefits such as reduced printing and storage costs, time savings, increased transparency, and minimized risks. This circular clearly defines the format, content, procedures for issuing, sending, receiving, storing, and using e-invoices in import-export operations.

Core Content of Circular 3134 CT-TTHT

Circular 3134 CT-TTHT details various aspects of e-invoicing in import-export activities, including:

• Applicable Entities: The circular applies to businesses, organizations, and individuals involved in import-export activities.
• E-invoice Format: E-invoices must be created, sent, received, and stored electronically.
• E-invoice Content: The circular specifies mandatory information required on e-invoices to ensure completeness and accuracy.
• E-invoice Issuance and Exchange Process: The process is conducted electronically, ensuring data security and confidentiality.
• Responsibilities of Involved Parties: The circular outlines the responsibilities of sellers, buyers, and customs authorities regarding e-invoice usage.

E-invoice Implementation under Circular 3134 CT-TTHT

Benefits of E-invoice Adoption under Circular 3134 CT-TTHT

Implementing e-invoicing as per Circular 3134 CT-TTHT provides significant benefits for businesses:

• Cost Savings: Businesses save on printing, shipping, and storing paper invoices.
• Time Efficiency: The process of issuing, sending, and receiving e-invoices is faster and more convenient, saving valuable time.
• Enhanced Transparency: E-invoicing promotes transparency in import-export activities, mitigating fraud risks.
• Improved Management: Businesses can easily manage, track, and analyze e-invoices.
• Environmental Protection: Reduced paper usage contributes to environmental sustainability.

Guide to Implementing E-invoices under Circular 3134 CT-TTHT

To implement e-invoicing according to Circular 3134 CT-TTHT, businesses should follow these steps:

1. Register for E-invoicing: Businesses must register with tax authorities to obtain an electronic tax code and permission to use e-invoices.
2. Select an E-invoice Service Provider: Choose a reputable provider that meets technical and security requirements.
3. Implement an E-invoicing System: Deploy a system that aligns with the business’s scale and operations.
4. Train Employees: Provide comprehensive training to staff on e-invoicing procedures.

“Adopting e-invoicing under Circular 3134 CT-TTHT is not just about legal compliance but also a crucial step towards modernizing business operations,” shared Nguyen Van A, an import-export expert.

Guide to E-invoice Implementation for Import-Export

Conclusion

Circular 3134 CT-TTHT’s e-invoicing policy offers numerous advantages for businesses engaged in import-export activities. E-invoicing saves costs and time, enhances transparency, and improves management efficiency. Businesses should understand the regulations and implement them effectively to reap the benefits of e-invoicing.

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