DECLARING INVOICE ADJUSTMENTS

DECLARING INVOICE ADJUSTMENTS

DECLARING INVOICE ADJUSTMENTS

03 CASE OF DECLARING INVOICE ADJUSTMENTS UNDER CIRCULAR NO. 91/2026/TT-BTC

With the issuance of Circular No. 91/2026/TT-BTC, the regulations governing the declaration of adjusted invoices have been clarified, enabling businesses to determine the correct tax declaration period for each specific situation.

Below is a summary of the three most common cases that accountants should understand.

1. The Original Invoice Is Correct, but an Economic Event Occurs Later

This applies to cases where the original invoice was issued correctly, but subsequent economic events require an adjustment, such as:

  • Commercial discounts;
  • Returned goods;
  • Cancellation or partial termination of a contract;
  • Adjustments to services or real estate transactions for which payment was received in advance;
  • Other similar post-invoice economic events.

These situations are not considered invoice errors, but rather economic events occurring after the invoice issuance.

Tax Declaration

  • Seller: Declares the adjustment in the tax period in which the adjustment invoice is issued.
  • Buyer: Declares the adjustment in the tax period in which the adjustment invoice is received.

Legal basis: Clause 5 and Point (d), Clause 6, Article 10 of Circular No. 91/2026/TT-BTC.

2. Errors in Output Invoices

Where an output invoice contains errors (e.g., incorrect revenue, VAT rate, VAT amount, product description, quantity, or unit price), the seller must issue either an adjustment invoice or a replacement invoice in accordance with the regulations.

Important Note

For all cases involving errors in output invoices, once an adjustment or replacement invoice is issued, the seller is required to submit a supplementary tax declaration for the original tax period in which the incorrect invoice was declared. These adjustments cannot be declared in the current tax period.

3. Errors in Input Invoices

For input invoices, the declaration method depends on the tax impact of the error.

Supplementary Declaration for the Original Tax Period Is Required If:

  • The error increases the tax payable; or
  • The error reduces the amount of tax already refunded.

Declaration in the Current Tax Period Is Allowed If:

In all other cases that do not increase the tax payable or reduce the refunded tax, the taxpayer may declare the adjustment in the current tax period.

Quick Summary

CaseInvoice Type / EventDeclare in Original PeriodDeclare in Current Period
1. Business Events (Discounts, sales return...)Correct original invoiceAllowed (Seller: issuance period / Buyer: receipt period)
2. Outward Invoice Errors (Sales)Outward invoice errorsMandatory
3. Inward Invoice Errors (Purchases)Resulting in increased tax payable or decreased tax refundMandatory
 Other inward invoice errorsAllowed

 

Related news

SUBJECTS WILL NOT BE ELIGIBLE FOR LUMP-SUM SOCIAL INSURANCE ALLOWANCE
SUBJECTS WILL NOT BE ELIGIBLE FOR LUMP-SUM SOCIAL INSURANCE ALLOWANCE

SUBJECTS WILL NOT BE ELIGIBLE FOR LUMP-SUM SOCIAL INSURANCE ALLOWANCE

SOME NEW POINTS OF THE VAT 2024
SOME NEW POINTS OF THE VAT 2024

SOME NEW POINTS OF THE VAT 2024

THE PROCEDURE FOR AN EXTENSION OF TAX PAYMENT IN 2025
THE PROCEDURE FOR AN EXTENSION OF TAX PAYMENT IN 2025

THE PROCEDURE FOR AN EXTENSION OF TAX PAYMENT IN 2025

CORPORATE INCOME TAX (CIT) RATES UNDER DECREE 320/2025/ND-CP
CORPORATE INCOME TAX (CIT) RATES UNDER DECREE 320/2025/ND-CP

CORPORATE INCOME TAX (CIT) RATES UNDER DECREE 320/2025/ND-CP

PENALTY AND EVIDENCING FOR USING THE ILLEGAL INVOICES OF TAX RISK ENTERPRISES
PENALTY AND EVIDENCING FOR USING THE ILLEGAL INVOICES OF TAX RISK ENTERPRISES

Penalty and evidencing for using the illegal invoices of tax risk enterprises

OFFSETTING LOSSES AND LOSS CARRYFORWARD UNDER DECREE 320/2025/ND-CP
OFFSETTING LOSSES AND LOSS CARRYFORWARD UNDER DECREE 320/2025/ND-CP

OFFSETTING LOSSES AND LOSS CARRYFORWARD UNDER DECREE 320/2025/ND-CP

KÊ KHAI THUẾ
KÊ KHAI THUẾ

HƯỚNG DẪN KÊ KHAI, BỔ SUNG ĐIỀU CHỈNH THUẾ GTGT

ENTERPRISES WITH ANNUAL REVENUE OF VND 1 BILLION OR LESS ARE EXEMPT FROM CORPORATE INCOME TAX FROM 2026
ENTERPRISES WITH ANNUAL REVENUE OF VND 1 BILLION OR LESS ARE EXEMPT FROM CORPORATE INCOME TAX FROM 2026

ENTERPRISES WITH ANNUAL REVENUE OF VND 1 BILLION OR LESS ARE EXEMPT FROM CORPORATE INCOME TAX FROM 2026

SUPPLEMENTING TAX DECLARATIONS AFTER ISSUANCE OF AN INSPECTION CONCLUSION OR DECISION
SUPPLEMENTING TAX DECLARATIONS AFTER ISSUANCE OF AN INSPECTION CONCLUSION OR DECISION

SUPPLEMENTING TAX DECLARATIONS AFTER ISSUANCE OF AN INSPECTION CONCLUSION OR DECISION

TIME FOR ISSUING INVOICES AND DECLARING REVENUE OF EXPORT GOODS
TIME FOR ISSUING INVOICES AND DECLARING REVENUE OF EXPORT GOODS

The time of issuing e-invoices and declaring revenue of export goods according to official letter No. 4890/TCT-KK

SUPPLEMENTING VAT DECLARATION RELATED TO THE AMOUNT OF REFUNDABLE VAT
SUPPLEMENTING VAT DECLARATION RELATED TO THE AMOUNT OF REFUNDABLE VAT

SUPPLEMENTING VAT DECLARATION RELATED TO THE AMOUNT OF REFUNDABLE VAT

REGIONAL MINIMUM WAGE INCREASE BY 6% FROM 01/07/2024
REGIONAL MINIMUM WAGE INCREASE BY 6% FROM 01/07/2024

REGIONAL MINIMUM WAGE INCREASE BY 6% FROM 01/07/2024