OFFICIAL LETTER

ON THE DURATION FOR ARCHIVE OF INVOICES PRE-PRINTED WITH FACE VALUE

To: Provincial/municipal Tax Departments

The General Department of Taxation has recently received official letters from several provincial/municipal Tax Departments, inquiring about the duration for archive of invoices, stamps, tickets and receipts pre-printed with face value. Concerning this matter, the General Department of Taxation gives the following opinion:

According to the provisions of Article 30 of the Government's Decree No. 129/2004/ND-CP of May 31, 2004, detailing and guiding the implementation of a number of articles of the Accounting Law applicable to business activities, accounting documents must be archived for at least 5 years. Accounting documents which must be archived for at least 5 years are those used for regular management and administration but not for directly making accounting book entries or making financial statements.

Pursuant to the above-said provisions, enterprises that use invoices, stamps or tickets pre-printed with face value (motorcycle watch tickets, entrance tickets, passenger tickets, etc.) in large quantities and do not use tickets pre-printed with face value for directly making accounting book entries or making financial statements, must archive filed or controlled copies of such tickets for at least 5 years.

The General Department of Taxation hereby notifies provincial/municipal Tax Departments thereof for compliance.

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FOR THE GENERAL DIRECTOR OF TAXATION
DEPUTY GENERAL DIRECTOR




Pham Duy Khuong