Official Dispatch No. 8404/BTC-TCT dated 23/08/2022 of the Ministry of Finance guiding the time of invoicing for export activities of export processing enterprises (EPE)
From July 1, 2022, electronic invoices shall be applied according to Decree No. 123/2020/ND-CP, electronic sales invoices are invoices for organizations and individuals in the non-tariff zone, organizations and individuals declare and calculate value added tax using the direct method used for activities, including exporting goods and services abroad. The electronic invoicing of goods and services exported for the purpose of transferring export revenue data to the tax authorities for management.
Accordingly, the Ministry of Finance instructs, in case the Company is an EPE exporting goods abroad, from July 1, 2022, the time of making electronic invoices when the processing enterprise exports products and the case of exporting goods of the enterprise paying VAT by direct method is the time of transferring ownership rights or use rights to the buyer, regardless of whether money has been collected or not as prescribed in Clause 1, Article 9 of Decree No. 123/2020/ND-CP dated October 19, 2020.