Vietnam's Decree 70/2025/ND-CP amends Decree 123/2020/ND-CP, enhancing e-invoicing for digital and cross-border businesses. It expands e-invoicing scope, sets issuance timelines, mandates invoice content and format, and requires businesses with over VND 1 billion(38483.80USD) revenue to use cash register e-invoices linked to tax authorities.
Vietnam's New E-Invoicing Rules: What You Need to Know (Starting June 1, 2025)
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Author: Ema Stamenković
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Content accuracy validation date:
28.04.2025
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Vietnam is updating its e-invoicing system through Decree 70/2025/ND-CP, which modifies Decree 123/2020/ND-CP. These changes aim to simplify invoice management, improve tax transparency, and ensure the system works for digital and cross-border businesses.
Here are some key changes:
- More Businesses Can Use E-Invoices
- Foreign companies selling online or through digital platforms can now choose to register for VAT e-invoices, even if they don't have a physical office in Vietnam. This helps them follow local tax regulations.
- Household businesses and self-employed individuals can now let other companies issue e-invoices on their behalf.
- Companies in export processing zones have more flexibility in choosing between sales invoices or VAT invoices, depending on their tax reporting method.
- Exporters can start using electronic commercial invoices, as long as they can share the necessary data with tax authorities.
- When to Issue Invoices
- For exported goods: The invoice should be issued by the next working day after the good’s clear customs.
- For sales of goods or services: Issue the invoice when ownership of the goods is transferred or when the service is completed.
- For advance payments (excluding deposits): The invoice should be issued at the time of payment.
- For high-volume services: Invoices should be issued by the 7th day of the following month or within an agreed-upon period.
- For special sectors like banking, insurance, gambling, transportation, and healthcare: Follow the specific rules for each sector.
- What Goes on an Invoice and How It Should Look
Certain information is absolutely required on every invoice. This includes details about the buyer and seller, their ID numbers, and a clear description of the goods or services provided. If an invoice needs a digital signature, it has to be added by the next working day if there's any delay. E-invoices can be sent electronically or through a secure QR code link. For invoices related to transportation services, you need to include the sender's information and specifics about the goods being transported. If an invoice is for a promotional campaign, it needs to list all the items involved, and businesses are required to keep a record of these campaigns.
- E-Invoices from Cash Registers
Businesses that bring in more than 1 billion VND in revenue from retail, hospitality, food, or personal services have to use a specific type of e-invoice from their cash registers. These invoices must be linked to the tax authorities and need to include details about the buyer and seller, the pricing, and the VAT (Value Added Tax).
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